Key Points NORMSINV is an Excel function used along with normal distributions. It allows you to conduct calculations faster ...

Normal distribution, also known as the Gaussian distribution, is a probability distribution that appears as a "bell curve" when graphed. The normal distribution describes a symmetrical plot of ...

Now the graph is showing probabilities, but the width of the (not very apparent) bar is still unity, so the area of the bar is: (18) Adding them all up, we should get: ... If, seeing Figure 9, you ...

Normal distribution cannot be used to model stock prices because it has a negative side, and stock prices cannot fall below zero. Another similar use of the lognormal distribution is with the ...