Formula generator for NEGBINOM.DIST FUNCTION function
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How to generate an NEGBINOM.DIST FUNCTION formula using AI.
To obtain information on the ARRAY_CONSTRAIN formula, you could ask the AI chatbot the following question: “To obtain the NEGBINOM.DIST formula, you can ask the AI chatbot the following question: "What is the formula for the negative binomial distribution in Excel?" The chatbot should then provide you with the NEGBINOM.DIST formula and any additional information you may need to use it effectively. ”
NEGBINOM.DIST FUNCTION formula syntax
The NEGBINOM.DIST function in Excel calculates the probability mass function or the cumulative distribution function for a negative binomial distribution. The syntax for this function is as follows: NEGBINOM.DIST(number, r, p, cumulative) - number: This is the number of failures or successes you want to calculate the probability for. - r: This represents the number of successes required. - p: This is the probability of success on each trial. - cumulative: This is an optional argument that determines whether to calculate the probability mass function (FALSE) or the cumulative distribution function (TRUE). Note that the NEGBINOM.DIST function assumes that the random variable follows a negative binomial distribution, which models the number of failures before a specified number of successes occur in a sequence of independent Bernoulli trials.
Use Cases & Examples
In these use cases, we use the NEGBINOM.DIST function to calculate the probability of a certain number of failures before a specified number of successes, given the probability of success in a single trial.
Sales Forecasting
Description
The NEGBINOM.DIST function can be used to calculate the probability of a certain number of failures before a certain number of successes in a series of independent Bernoulli trials. In the context of sales forecasting, this function can be used to estimate the probability of achieving a certain number of sales before reaching a target number of successful sales calls.
Result
NEGBINOM.DIST(num_failures, num_successes, prob_success)
Inventory Replenishment
Description
In inventory management, the NEGBINOM.DIST function can be used to determine the probability of experiencing a certain number of stockouts before reaching a specific number of successful replenishments. This can help in optimizing inventory levels and ensuring timely restocking.
Result
NEGBINOM.DIST(num_failures, num_successes, prob_success)
Inventory Replenishment
Description
When estimating project completion time, the NEGBINOM.DIST function can be used to calculate the probability of encountering a certain number of delays before achieving a target number of successful milestones. This can assist in project planning and risk assessment.
Result
NEGBINOM.DIST(num_failures, num_successes, prob_success)
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