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Winsorized mean

  1. #1
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    Excel 2007
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    Post Winsorized mean

    I want Excel to calculate the Winsorized mean of any given numbers. There isn't a function designed to do that (or I just can't find it). Does anyone knows the easiest way to do this?

    For those how aren't acquainted with the Winsorized mean: http://en.wikipedia.org/wiki/Winsorized_mean

    It would be super if I could choose between entering a percentage or a specific number of values to be adapted.

    Anyone up to the challenge?

    Thanks in advance,
    Aliaz, teacher

  2. #2
    Forum Expert shg's Avatar
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    06-20-2007
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    The Great State of Texas
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    Re: Winsorized mean

    =(sum(a1:a20) - min(a1:a20) - max(a1:a20) + large(a1:a20, 2) + small(a1:a20, 2)) / rows(a1:a20)
    Entia non sunt multiplicanda sine necessitate

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