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This video demonstrates how to calculate standardized scores, also known as z-scores, using the standardized function in Excel. The first step is to calculate the mean and standard deviation for the sample data. Then, highlight the cell where you want the function to be placed, click on the formulas tab, insert function, and search for the standardized function. Input the value you want to convert to a standard score and click the ref edit button. This process helps in converting raw GPA scores to standardized scores for a group of subjects.