Excel PROB Function
Description
The Excel PROB function returns the probability that values in a range are between two limits, which is frequently used to estimate business losses or used by a risk manager to analyze the financial probability.
Formula syntax
Arguments
|
Returns
PROB function returns a numeric value.
Remarks
1. Errors appear when
- Any value in prob_range ≤ 0 or any value in prob_range > 1, PROB function returns the #NUM error value.
- The sum of values in prob_range is not equal to 1, PROB function returns the #NUM error value.
- X_range and prob_range have different numbers of data points, PROB function return the #N/A error value.
2. if upper_limit is omitted, PROB function returns the probability that values in x_range are equal to lower_limit.
Version
Excel 2007 and later versions
Usage and Examples
Basic usage
Supposing a table that contains the scores, the chances of getting each score, and the probabilities of getting each score as below screenshot shown:
To get the probability of getting a score higher than 8 based on the table, please use the PROB function as below:
=PROB($B$3:$B$12,$D$3:$D$12,8,10)
Press Enter key to get the probability.
Other Functions:
-
Excel POISSON Function
The Excel POISSON function returns the Poisson distribution which is used to predict the number of events occurring over a specific time.
-
Excel FDIST Function
The Excel FDIST Function returns the (right-tailed) F probability distribution which is usually used to measure the degree of diversity between two data sets.
-
Excel EXPON.DIST Function
EXPON.DIST function used in Excel 2010, returns the exponential distribution based on the given x value and the parameter of the distribution.
-
Excel F.DIST Function
The Excel F.DIST function returns the F probability distribution which is usually used to measure the degree of diversity between two data sets.
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