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 ...

Id: 003318 Credits Min: 3 Credits Max: 3 Description. Sample space, Field and Probability Measure. Axiomatic definition of Probability. Bayes' theorem. Repeated trials. Continuous and discrete random ...

T-Distribution: This type of sampling distribution is common in cases of small sample sizes. It may also be used when there is very little information about the entire population.

T-Distribution: This type of sampling distribution is common in cases of small sample sizes. It may also be used when there is very little information about the entire population.