Z.TEST function
This article describes the formula syntax and usage of the Z.TEST function in Microsoft Excel.
Returns the onetailed Pvalue of a ztest.
For a given hypothesized population mean, x, Z.TEST returns the probability that the sample mean would be greater than the average of observations in the data set (array) — that is, the observed sample mean.
To see how Z.TEST can be used in a formula to compute a twotailed probability value, see the Remarks section below.
Syntax
Z.TEST(array,x,[sigma])
The Z.TEST function syntax has the following arguments:

Array Required. The array or range of data against which to test x.

x Required. The value to test.

Sigma Optional. The population (known) standard deviation. If omitted, the sample standard deviation is used.
Remarks

If array is empty, Z.TEST returns the #N/A error value.

Z.TEST is calculated as follows when sigma is not omitted:
Z.TEST( array,x,sigma ) = 1 Norm.S.Dist ((Average(array) x) / (sigma/√n),TRUE)
or when sigma is omitted:
Z.TEST( array,x ) = 1 Norm.S.Dist ((Average(array) x) / (STDEV(array)/√n),TRUE)
where x is the sample mean AVERAGE(array), and n is COUNT(array).

Z.TEST represents the probability that the sample mean would be greater than the observed value AVERAGE(array), when the underlying population mean is μ0. From the symmetry of the Normal distribution, if AVERAGE(array) < x, Z.TEST will return a value greater than 0.5.

The following Excel formula can be used to calculate the twotailed probability that the sample mean would be further from x (in either direction) than AVERAGE(array), when the underlying population mean is x:
=2 * MIN(Z.TEST(array,x,sigma), 1  Z.TEST(array,x,sigma)).
Example
Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.
Data 

3 

6 

7 

8 

6 

5 

4 

2 

1 

9 

Formula 
Description (Result) 
Result 
=Z.TEST(A2:A11,4) 
Onetailed probabilityvalue of a ztest for the data set above, at the hypothesized population mean of 4 (0.090574) 
0.090574 
=2 * MIN(Z.TEST(A2:A11,4), 1  Z.TEST(A2:A11,4)) 
Twotailed probabilityvalue of a ztest for the data set above, at the hypothesized population mean of 4 (0.181148) 
0.181148 
=Z.TEST(A2:A11,6) 
Onetailed probabilityvalue of a ztest for the data set above, at the hypothesized population mean of 6 (0.863043) 
0.863043 
=2 * MIN(Z.TEST(A2:A11,6), 1  Z.TEST(A2:A11,6)) 
Twotailed probabilityvalue of a ztest for the data set above, at the hypothesized population mean of 6 (0.273913) 
0.273913 