Using Excel is a great way to ... You can use the RAND() function to establish probability and create a random variable with normal distribution. Use the formula "=NORMINV(RAND(),B2,C2)", where ...

Madelyn Goodnight / Investopedia A probability distribution is a statistical function ... are two fundamental types of probability distributions, each describing different kinds of random variables.

In this function, the probability is the percentage of a dataset's distribution that falls between two criteria ... density function measures continuous variables. Having said that, it's important ...