How to use the BINOM.INV function
What is the BINOM.INV function?
The BINOM.INV function calculates the minimum value for which the binomial distribution is equal to or greater than a given threshold value.
The BINOM.INV function was introduced in Excel 2010 and has replaced the outdated CRITBINOM function.
What is the difference between the BINOM.INV function and the BINOM.DIST function?
BINOM.DIST(number_s,trials,probability_s,cumulative)
What is the binomial distribution probability?
The binomial distribution probability gives the likelihood of a specific number of successes occurring in a fixed number of independent trials, each having the same binary success/failure probability.
What is an independent trial in terms of binomial distribution?
An independent trial in the context of the binomial distribution refers to each individual test or instance having two possible outcomes, success or failure, in which the result of one trial does not affect the probability of success in subsequent trials.
What is a binary success/failure probability?
A binary success/failure probability describes two mutually exclusive possible outcomes of a trial, conventionally labeled as "success" with probability p and "failure" with probability 1-p, that sum to 1, like heads or tails on a coin flip.
What is binomial?
The binomial is a discrete probability distribution that models the number of successes in a fixed number of independent trials, each with a binary success/failure outcome and a constant success probability across trials.
What is a distribution in statistics?
A distribution in statistics refers to a function representing the frequencies of different potential outcomes for a random variable or dataset, summarized visually in a histogram or mathematically with a probability distribution function.
BINOM.INV function Syntax
BINOM.INV(trials,probability_s,alpha)
BINOM.INV function Arguments
trials | Required. How many Bernoulli trials. |
probability_s | Required. The probability of success in each test. |
Alpha | Required. The threshold value. |
What are Bernoulli trials?
Bernoulli trials are random experiments with binary outcomes labeled success or failure that remain constant across trials and are independent, meaning the result of one trial does not affect the next, named after Swiss mathematician Jakob Bernoulli.
BINOM.INV function example
Formula in cell C7:
BINOM.INV function not working
The BINOM.INV function returns
- #VALUE! error value if any argument is non-numeric.
- #NUM! error value if:
- trials < 0 (zero)
- probability_s < 0 (zero)
- alpha < 0 (zero)
- alpha > 1
Functions in 'Statistical' category
The BINOM.INV function function is one of many functions in the 'Statistical' category.
How to comment
How to add a formula to your comment
<code>Insert your formula here.</code>
Convert less than and larger than signs
Use html character entities instead of less than and larger than signs.
< becomes < and > becomes >
How to add VBA code to your comment
[vb 1="vbnet" language=","]
Put your VBA code here.
[/vb]
How to add a picture to your comment:
Upload picture to postimage.org or imgur
Paste image link to your comment.
Contact Oscar
You can contact me through this contact form