Skip to Main Content
Microsoft® Excel® 2010: Data Analysis and Business Modeling
book

Microsoft® Excel® 2010: Data Analysis and Business Modeling

by Wayne L. Winston
January 2011
Beginner to intermediate content levelBeginner to intermediate
720 pages
23h 29m
English
Microsoft Press
Content preview from Microsoft® Excel® 2010: Data Analysis and Business Modeling

Chapter 65. The Normal Random Variable

Questions answered in this chapter:

  • What are the properties of the normal random variable?

  • How do I use Excel to find probabilities for the normal random variable?

  • Can I use Excel to find percentiles for normal random variables?

  • Why is the normal random variable appropriate in many real-world situations?

Answers to This Chapter’s Questions

What are the properties of the normal random variable?

In Chapter 62, you learned that continuous random variables can be used to model quantities such as the following:

  • Price of Microsoft stock one year from now

  • Market share for a new product

  • Market size for a new product

  • Cost of developing a new product

  • Newborn baby’s weight

  • A person’s IQ

Remember that if a discrete random variable ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Microsoft® Office Excel® 2007: Data Analysis and Business Modeling, Second Edition

Microsoft® Office Excel® 2007: Data Analysis and Business Modeling, Second Edition

Wayne L. Winston
Microsoft® Excel 2010 On Demand

Microsoft® Excel 2010 On Demand

Steve Johnson - Perspection Inc.

Publisher Resources

ISBN: 9780735656864Purchase book