Formula Generator - LOGNORMDIST function
The LOGNORMDIST function returns the value of the log-normal cumulative distribution with a given mean and standard deviation at a specified value. It is commonly used in statistics and finance to model data that follows a log-normal distribution. The function takes three arguments: x, which is the value at which to evaluate the distribution; mean, which is the mean of the log-normal distribution; and standard_deviation, which is the standard deviation of the log-normal distribution. The function returns the probability of observing a value less than or equal to x in the log-normal distribution.How to generate an LOGNORMDIST formula using AI.
To obtain the LOGNORMDIST formula for your data, you can ask the AI chatbot the following question: "Is there a formula in Excel that can calculate the logarithmic normal distribution for a given set of data?"
LOGNORMDIST formula syntax.
The LOGNORMDIST function in Excel is used to calculate the probability density of a value in a log-normal distribution. Here is a clear and concise overview of its syntax: LOGNORMDIST(x, mean, standard_dev) - x: The value at which you want to evaluate the probability density function. - mean: The mean of the logarithm of the distribution. - standard_dev: The standard deviation of the logarithm of the distribution. The LOGNORMDIST function returns the probability density of the specified value in the log-normal distribution.
Calculating Probability of Sales
Calculates the probability of achieving a certain sales target based on a log-normal distribution.
LOGNORMDIST(target, mean, standard_deviation)
Risk Assessment
Assesses the risk of a financial investment based on historical data using the log-normal distribution.
LOGNORMDIST(value, mean, standard_deviation)
Project Completion Time
Estimates the probability of completing a project within a specified time frame based on historical completion times using the log-normal distribution.