Scribd
Upload
46 views

How To Calculate Probability in Excel

The document discusses calculating probabilities in Excel in three examples. The first calculates sales probabilities using a PROB function. The second calculates dice probabilities by dividing totals by 36. The third calculates probabilities without PROB by dividing counts by totals and multiplying results.

Uploaded by

Huỳnh Minh Huy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
46 views

How To Calculate Probability in Excel

The document discusses calculating probabilities in Excel in three examples. The first calculates sales probabilities using a PROB function. The second calculates dice probabilities by dividing totals by 36. The third calculates probabilities without PROB by dividing counts by totals and multiplying results.

Uploaded by

Huỳnh Minh Huy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 10

How to Calculate Probability in Excel

1. Calculating Sales Probabilities in Excel


Let’s consider a dataset of Calculating Sales Probabilities in Excel. The dataset has two
columns B and C called Sales Amounts and Probabilities. I have fixed the lower limit
and upper limits 40 & 80 to calculate the probability. Follow the steps given below.

Steps:
First, select the C14 cell.

 Then, copy the following formula in the C14 cell:

= PROB(B5:B10,C5:C10,C12,C13)

 Consequently, you will find the result in the picture given below.
2. Calculating Dice Probabilities in Excel
Here, I will calculate dice probabilities in Excel. This is the new dataset for this example.
You can see the total number you can find by throwing two dice at a time in every cell of
the dataset. In this dataset, you will find another table having only three columns B, C,
and D called Rolls, Chances, and Probabilities. Let’s follow the procedure step by step.
Steps:
Select the C13 cell first.
 Now, copy the following formula in the D13 cell and Fill Handle the formula
from D13 to D23.

=C13/36

 36 is the total dataset value.


 As a result, you will find the Probabilities of Dice Rolls.
3. Probability Calculation in Excel Without Using PROB Function
In this example, I will show the probability calculation without the PROB function. Let’s
take a dataset indicating the ball colors and quantity of two bags called Bag A and Bag B.
However, I will also determine the probability of occurrence of every color of the ball.
Follow the steps mentioned below to understand the calculations.

Steps:
 Select the D6 cell first.
 Then, write down the following formula in the selected cell.

=C6/$C$9

 After that, press Enter.

 Consequently, you will find the probability.


 Then, Fill-handle the formula from D6 to D8.
As a result, you will get the probabilities like the picture given below.

 Similarly, write down the following formula in the G6 cell:

=F6/$F$9

 You will get the probability in the G6 cell.


 Copy down the formula from G6 to G8 cell using Fill Handle.
 You will find the probabilities just like the picture given below.
 Now I want to find the probability of picking a green ball from Bag A and a
yellow ball from Bag B.

 So, copy the following formula in the selected cell.

=D6*G7
 Then, press the Enter
 As a result, you will get the probability in the selected cell.

SOURCE:exceldemy.com

You might also like