Classical probability theory assumes an equal likelihood for all outcomes. For example, if you were to flip a coin, there's an equal change of it landing on "heads" or "tails." Microsoft Excel offers ...

It's last weeks spreadsheet. The Linear -Regression Workbook. The second tab '5-2 Central Limit Theorem". Question 1 Suppose we have a 250 data points distributed from 0 to 100. If we have 30 data ...

Probability calculations determine the chance of a specific event occurring. This calculation factors in the number of positive events with respect to the total number of possible results. When you ...

Abstract: In this article, we show a dynamic graphic in Excel that is used to introduce an important concept in our subject, Statistics I: the probability density function. This interactive graphic ...