Common Probability Distribution Question, how to solve without excel? Z table or T table?
Excel function for finding the z score
Finding a z Value for a Given Probability Use Excel's function options to find the following z values for the standard normal variable Z. Complete the following problems. P(Z = z) = 0.1020 -1.2702 Determine the z score that will produce the probability in the statement. Plz SZSO) = 0.1772 Determine the z score that will produce the probability in the
calculate p value from z score (two tailed) in excel
How can you find a z score from a given cumulative probability using Excel?
To find a z score corresponding to a cumulative probability in the standard normal distribution, use Excel's =NORM.S.INV(probability) function. The input probability must be a left-tail probability (the area under the curve to the left of the z score). For example, if you want the z score where 58% of values lie below it, enter =NORM.S.INV(0.58), and Excel returns approximately 0.202. This means there's a 58% chance a z score is less than 0.202. If you have a right-tail probability, convert it to left-tail by subtracting from 1 before using this function.
How do you find the probability of a z score using Excel's normal distribution functions?
To find the probability of a z score in Excel, use the function =NORM.S.DIST(z, TRUE), where z is your z score. This function calculates the cumulative probability from the left tail up to that z score in the standard normal distribution (mean 0, standard deviation 1). For example, if you want the probability of a z score less than -1.5, enter =NORM.S.DIST(-1.5, TRUE), and Excel will return approximately 0.07, meaning a 7% chance. This method is useful when you have standardized data and want to find the likelihood of observing a value below a certain z score.
How do you find the probability of a value being greater than a certain x in Excel using the normal distribution?
Excel's NORM.DIST function calculates cumulative probabilities for values less than or equal to x, so to find the probability of a value greater than x, use the complement rule: . For example, if you want the probability that baking time is longer than 12.5 minutes with mean 11 and standard deviation 0.76, calculate =1 - NORM.DIST(12.5, 11, 0.76, TRUE). This returns the right-tail probability, about 0.02 or 2% chance.
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Hello,
Can anyone please help me to find the excel function for finding the z value for the area under the curve between the mean and z standard deviations above the mean. See this for reference: https://qph.cf2.quoracdn.net/main-qimg-acde2a1e5b94097e5eefc6466047ec13-pjlq
For example, if the input for the function is 0.4962 (i.e., 99.24% confidence level), the output should be 2.67
Interestingly I could not find any answer on the internet. Maybe I am using the wrong keywords!
Note: NORM.S.INV(probability) is not the function I am looking for (unless I am missing something).