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NORM.S.DIST Function - Excel Standard Normal Distribution Step 2: Click the “Insert” tab.
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What is the probability of losing money? Answer QuestionĪ fund has a return with a mean of 10% and standard deviation of 5%. I will demonstrate the this concept using an example. SPSS Excel one sample T Test Calculate probability of a range using Z ScoreĪssume that a random variable is a normally distributed (a normal curve), given that we have the standard deviation and mean, we can find the probability that a certain value range would occur.
FIND PROBABILITY FROM MEAN AND STANDARD DEVIATION EXCEL HOW TO
This tutorial explains how to calculate probability of a range using Z score (standard normal random variable).Įxcel Range, Variance, Standard DeviationĬalculate Z Score and probability using SPSS and Excel