Using Excel is a great way to perform what-if analysis, and formulas generating random values that ... to establish probability and create a random variable with normal distribution.

Overall, the concepts of discrete and continuous probability distributions and the random variables ... distribution can contain outcomes that have any value, including indeterminant fractions. A ...

Discrete Variable ... for the normal probability density function, but rather know the properties (symmetry and bell shape). Determining the probabilities for given values and the values for given ...

As with all probability distributions, the Normal Distribution ... variable parameters are the mean and standard deviation. The Empirical Rule describes how to visualize the individual values ...

Understanding the differences between them is essential for correctly applying statistical methods and interpreting data. Discrete probability ... random variables approaches a normal distribution.