What summarization options are available in a pivot table report?

The correct answer highlights the available summarization options in a pivot table report, which are the functions for summing and averaging numerical data.

Using the sum function allows users to calculate the total of a dataset, which is particularly useful for financial or inventory data where totals are often needed. The average function offers insights into the mean of the values within a given dataset. This is particularly valuable when analyzing trends or measuring central tendencies, as it helps to provide a more comprehensive view of the data rather than just looking at totals.

These two functions are staples in data analysis, as they allow educators and analysts to glean important insights from their data. The combination of sum and average encompasses essential aspects of reporting in pivot tables, making them an excellent choice for summarizing numeric information.

Other options include functions that, while useful in various contexts, are not the primary summarization choices available in pivot tables. Some may focus on counting or finding maximum or minimum values, which are indeed functionalities within data analysis but may serve less frequent purposes compared to summing and averaging when it comes to summarizing reports in a pivot table format.