Excel functions allow you to easily and correctly calculate the mean and standard deviation. Understanding the correct statistical concepts is important ...

A binomial distribution summarizes the number of successes in a fixed number of independent and identical trials. You can calculate binomial probability using ...

Probability is the likelihood that a particular event will occur. It is expressed as a number between 0 and 1. You can calculate probability using a built-in ...

The normal distribution is a bell shaped curve that is symmetrical about the mean. You can use functions to calculate normal distribution probability in Excel. ...

A lognormal distribution represents the distribution of a random variable whose logarithm is normally distributed. You can create a log normal distribution in ...