In Excel, syntax for this function is NORMINV (probability,mean,standard deviation). Using the sales example, with a weekly sales average of $2,000 that fluctuates about $500 up or down, you know ...

Discover what a log-normal distribution is, its financial applications, and how to calculate it, including using Excel for ...

Steps to Calculate Normal Distribution Now that we are familiar with the concepts let us go through the steps to calculate normal distribution: Step 1: Determine mean (µ) and standard deviation (σ) ...