You can use the RAND () function to establish probability and create a random variable with normal distribution.

The Monte Carlo method seeks to improve the analysis of data using random data sets and probability calculations. A Monte Carlo simulation can be developed using Microsoft Excel and a game of dice ...

A random variable is one whose value is unknown or a function that assigns values to each of an experiment’s outcomes. A random variable can be discrete or continuous.

Explain why probability is important to statistics and data science. See the relationship between conditional and independent events in a statistical experiment. Calculate the expectation and variance ...

The random forest similarity measure accounts for how many characteristics two cases have in common (e.g., gender, race and political party) and gives more weight to those variables that best ...

Let x and y be two random variables with continuous cumulative distribution functions f and g. A statistic U depending on the relative ranks of the x's and y's is proposed for testing the hypothesis f ...

Background The birthday paradox, also known as the birthday problem, states that in a random group of 23 people, there is about a 50 percent chance that two people have the same birthday. Is this ...