From "On the accuracy of statistical procedures in Microsoft Excel 2007", B.D. McCullough and and David A. Heiser, Computational Statistics & Data Analysis
Volume 52, Issue 10, 15 June 2008, Pages 4570-4578.
"The statistical literature has regularly identified flaws in Excel’s statistical procedures at least since Sawitzki (1994), and Microsoft has repeatedly proved itself incapable of providing reliable statistical functionality. It is little wonder that introductory texts on statistics warn students not to use Excel when the results matter (e.g., Keller (2001) and Levine et al. (2002))."
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