![]() To make the table a normal distribution graph in excel, select the table columns Marks and Normal distribution. So, to find the p-value for the test we will use the following function in Excel: = (JB test statistic, 2) The p-value of the test is 0.601244. For example, it can be used for changes in the price indices, with stock prices assumed to be normally distributed. Choose "Scatter with Smooth Lines." Step #6: Set up the label table. In financial analysis, NORM.S.DIST helps calculate the probability of getting less than or equal to a specific value in a standard normal distribution. By signing up, you agree to our Terms of Use and Privacy Policy. NORMDIST or normal distribution is an inbuilt statistical function of Excel that calculates the normal distribution of a data set for which the mean and standard deviation are given. ![]() Error this error occurs when there is any non-numeric argument passed under this function. ![]() ![]() Watch on YouTube and give it a thumbs up. With the standard deviation of 10 minutes (10 minutes late or 10 minutes early) and the assumption that the time it takes you to reach the office is normally distributed with the mean mentioned above, what are the chances/probability that you reach to office in less than 48 minutes? Input all the values for x, mean & standard_dev same as in the previous example.
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