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

In Excel, syntax for this function is NORMINV(probability,mean,standard deviation). Using the sales example, with a weekly sales average of $2,000 that fluctuates about $500 up or down, you know ...

The normal distribution formula is based on two simple parameters—mean and standard deviation. ... Normal Distribution Example . Consider the following 2 datasets: Dataset 1 = {10, 10, 10, 10, ...