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Formula Generator - CONFIDENCE.NORM function

The CONFIDENCE.NORM function is used to calculate the confidence interval for a population mean, given a desired confidence level, standard deviation, and population size. It returns the margin of error, which is the maximum likely difference between the sample mean and the population mean.
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How to generate an CONFIDENCE.NORM formula using AI.

To get the CONFIDENCE.NORM formula, you can ask the AI chatbot the following question: "What is the formula for calculating the confidence interval using the normal distribution in Excel?"

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CONFIDENCE.NORM formula syntax.

The CONFIDENCE.NORM function in Excel calculates the confidence interval for a population mean, assuming a normal distribution. The syntax for this function is: CONFIDENCE.NORM(alpha, standard_dev, sample_size) - alpha: This is the significance level or the desired level of confidence. It represents the probability of observing a sample mean within the confidence interval. - standard_dev: This is the standard deviation of the population. - sample_size: This is the size of the sample. The function returns the margin of error, which is the maximum amount by which the sample mean is likely to differ from the population mean. The confidence interval can be calculated by adding and subtracting the margin of error from the sample mean.

Use Cases & Examples In these use cases, we use the CONFIDENCE.NORM function to calculate the confidence interval for a population mean, based on a normal distribution.
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FAQ
What is the purpose of the CONFIDENCE.NORM function?
What are the arguments required for the CONFIDENCE.NORM function?
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What is the significance level (alpha) in the CONFIDENCE.NORM function?
Can the CONFIDENCE.NORM function be used for small sample sizes?