12/8/2023 0 Comments Basic statistics in excel![]() Values close to 0 indicate weak relationship.Values close to 1 indicate strong positive.Values close to -1 indicate strong negative.Correlation is a measure of the strength of.Useful in computing probabilities for the time it.NORMINV(probability, mean, standard_dev).Use NORMSINV or NORMINV to compute the z or x.NORMDIST(x, mean, standard_dev, cumulative).Use NORMSDIST or NORMDIST to compute the.Does not compute cumulative probabilities.Independent probability of success changes from Similar to Binomial except trials are not.(sample_s) in n trials (number_sample) when the Computes the probability of x successes.Use HYPGEOMDIST to compute hypergeometric.Shows the probability of x occurrences of anĮvent over a specified interval of time or space.Use POISSON to compute Poisson Probabilities.Independent trials with two possible outcomes Calculates the probability that a sequence of.BINOMDIST(number_s, trials, probability_s,.Use BINOMDIST to compute binomial distribution.Some probabilities that can be calculated using.Numerical measure of the likelihood that an event. ![]()
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