Statistics About The Average Excel Formula

In this post, we explore the widespread use of the ‘AVERAGE’ function in Excel, a cornerstone tool for over 1 billion Microsoft Office users worldwide. From its prominent role in business intelligence to its prevalence among online Excel courses, the ‘AVERAGE’ formula plays a significant role in data analysis and decision-making processes across various industries.

Statistic 1

"There are more than 1 billion Microsoft Office users worldwide utilizing Excel's functions including 'AVERAGE'"

Statistic 2

"an estimated 11% of businesses use Excel as their primary business intelligence tool, including the 'AVERAGE' function"

Statistic 3

"Excel has over 400 functions with 'AVERAGE' being listed as one of the 15 most used formulas"

Statistic 4

"300 million people are estimated to use Excel each month with many using the 'AVERAGE' function"

Statistic 5

"23% of adults have never used Excel functions such as 'AVERAGE'"

Statistic 6

"The 'AVERAGE' function is among the top 5 commonly used Excel functions in businesses"

Statistic 7

"Around 750 million people use Excel, many including the 'AVERAGE' function in their tasks"

Statistic 8

"Only 35% of workers use complex Excel formulas like 'AVERAGE' at their work"

Statistic 9

"About 70% of companies use Excel for sensitive data including figuring out averages"

Statistic 10

"47% of workers spend five or more hours per week in Excel, likely using functions like 'AVERAGE'"

Statistic 11

"On average, 1 in 10 people in the world actively use Excel"

Statistic 12

"Over 94% of online Excel courses teach the 'AVERAGE' function"

The statistics presented highlight the widespread and integral use of Excel and its ‘AVERAGE’ function in various aspects of business and personal life. With over 1 billion global users, Excel’s functions, including ‘AVERAGE’, play a significant role in data analysis and decision-making processes. Despite the high usage rates, there remains a portion of the population that has yet to utilize Excel’s capabilities. However, for those who do, the ‘AVERAGE’ function stands out as one of the most commonly used formulas, demonstrating its importance in handling and interpreting data. Overall, the data underscores Excel’s enduring relevance and widespread adoption across industries and organizations for tasks like calculating averages and managing sensitive information.