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In this video tutorial, Spreadsheet Geek explains the concepts of normalizing and standardizing data in Microsoft Excel 2019. Normalization involves scaling numerical values to a specified range, typically zero to one, through manual formulas. It is important to differentiate between normalization and standardization functions in Excel. Standardization functions beginning with "norm" actually standardize data, not normalize it. Remember, normalization is about scaling values to a specific range like zero to one.