Excel

NORM.S.INV: Excel Formulae Explained

How do you use NORM.S.INV in Excel?

NORM.S.INV is a function in Excel that calculates the inverse of the normal cumulative distribution function. This function is used to find the probability of a specific value occurring less than or equal to a given value. The syntax for the function is: =NORM.S.INV(x,cumulative) The "x" argument is the value you want to find the probability for, and the "cumulative" argument is the cumulative probability.

What is the syntax of NORM.S.INV in Excel?

NORM.S.INV is a built-in function in Excel that calculates the inverse of the normal cumulative distribution function. The syntax for the function is:

=NORM.S.INV(x, cumulative)

Where x is the value at which you want to calculate the inverse, and cumulative is a boolean value that determines whether the inverse should be calculated using the cumulative distribution function or the regular distribution function.

What is an example of how to use NORM.S.INV in Excel?

NORM.S.INV is a built-in function in Excel that can be used to calculate the inverse of the normal cumulative distribution function. The function takes a single argument, which is the value for which you want to find the inverse. For example, if you want to find the inverse of the normal distribution for a value of 0.5, you would use the function as follows:

=NORM.S.INV(0.5)

This would return the value 0.6827, which is the inverse of the normal cumulative distribution function for a value of 0.5.

When should you not use NORM.S.INV in Excel?

NORM.S.INV should not be used when the population standard deviation is unknown. The function will return an error value if the standard deviation is unknown.

What are some similar formulae to NORM.S.INV in Excel?

NORM.DIST is the NORM.S.INV function's equivalent in Excel. It calculates the standard normal distribution for a given set of input values. The function takes three arguments: the first is the lower limit of the distribution, the second is the upper limit of the distribution, and the third is the standard deviation of the distribution. The function will return the area under the standard normal curve between the given lower and upper limits.

NORM.INV is another function that calculates the area under the standard normal curve. This function takes only two arguments: the first is the value to be converted to an area, and the second is the standard deviation of the distribution. The function will return the area under the standard normal curve between the value given and zero.

The NORM.INV.2 function is similar to the NORM.INV function, but it takes into account the fact that the standard normal distribution is not symmetrical. This function takes three arguments: the first is the value to be converted to an area, the second is the lower limit of the distribution, and the third is the upper limit of the distribution. The function will return the area under the standard normal curve between the given lower and upper limits, with the value at the center of the distribution given a weight of 0.5.

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