Master Excel’s Z-Score Calculation: A Step-By-Step Guide
To find a Z-score in Excel, use the NORMSDIST function: =NORMSDIST(value, mean, standard_dev, cumulative). Input the value, mean, and standard deviation. Set “cumulative” to TRUE/FALSE depending on whether you want the cumulative probability or the corresponding Z-score. A Z-score represents how many standard deviations a value is from the mean, with negative values indicating below-average…