Key Points NORMSINV is an Excel function used along with normal distributions. It allows you to conduct calculations faster ...

Probability distributions are characterized as either discrete or continuous, and as working as either a probability density function, or a cumulative distribution. Discrete vs. Continuous ...

Cumulative probability distribution. A function that shows the probability that the random variable will attain a value less than or equal to each value that the random variable can take on.

Probability density function is a statistical expression defining the likelihood of a series of outcomes for ... PDFs are typically depicted on a graph, ... A cumulative distribution function ...