Calculating probabilities of normal-standard normal

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Identify the Excel functions used for calculating probabilities of normal and standard normal distributions, as well as the functions for determining an X or Z value from a probability and discuss how they are different. Give an example (with some assumed numbers) of a business scenario that could be normally distributed and state what the proper Excel function would be to calculate the probabilities of <X, probability of X between 2 values, and probability >X.

Reference no: EM132463962

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