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

A Z-Score is a statistical measurement of a score's relationship to the mean in a group of scores.

Key Takeaways The normal distribution formula is based on two simple parameters—mean and standard deviation—that quantify the characteristics of a given dataset.

Using Excel is a great way to perform what-if analysis, and formulas generating random values that make sense for your forecasting help present a variety of outcomes for analysis.

Formulas are powerful tools for performing calculations and analyzing data in Excel. In this beginner’s guide, you’ll learn how to use formulas and explore some popular built-in functions.