The formula and syntax for NORMSINV ... Excel function that provides a Z value for a cumulative probability using a standard normal distribution. If you assume your data is normally distributed ...

For instance, the frequently used risk tool value-at-risk (VaR) assumes that the probability of risk events follows a normal distribution. The empirical rule is also used as a rough way to test a ...

outcomes are discrete and have the same probability. In a continuous uniform distribution, outcomes are continuous and infinite. In a normal distribution, data around the mean (average ...