The
NORMSDIST() function returns
the probability of a given value z occuring
by calcualting the probabilities that
make up a standard, normalized cumulative
probability distribution .
- The syntax for the function
is NORMSDIST (z).
The
argument "z" must
be numerical values oherwise the function
will return the #VALUE error value.
The "z" argument
is the value at which the NORMSDIST function
evaluates the probability. It does this
by generating an standard normalized probability
distribution and placing the value z on
the curve (standard
normal distribution has a mean of 0 and
a standard deviation of 1). The
resulting probability represents the probability
of that value occuring from a set of randomly
measured values.
[chart]
The a standard
normalized distribution forms a "bell" shape,
symmetrical bout zero. The exact shape of
the probability distribution is fixed. The
NORMSDIST function simply uses the variable
"z" to evaulate a point on the
distribution curve.
To learn more about the normal distribution
in statistics see: [The Normal Distribution
Mathematics Knowledgebase]
[The NORMDIST function knowledgebase]
[The CHIDIST function knowledgebase]
[The FDIST function knowledgebase]
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How
to use the NORMSDIST() function:
- Type " =NORMSDIST( "
- Enter
the reference for the "z" data
value "A2".
- Type")"
then press the "Enter" key.
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How
to use the NORMSDIST() function
to create a chart
of a normal
standardized distribution:
- Type " =NORMSDIST( "
- Enter
the reference for the "z" data
value "A2".
- Type")"
then press the "Enter" key.
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Note: In
earlyer versions of Excel the normdist
function was only accurate to 7 decimal
places. In Excel 2003 and newer versions
the accuracy of the normdist function
has improved to an accuracy of 14 to
15 deciamal places. |