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anand

Standard deviation calculation
 
If I have the mean and a 95% probability value for a distribution, is there a
function that will calculate the standard deviation?

I currently use norminv with a guess for the standard deviation and then
goal seek to get the implied standard deviation. I was wondering if there is
a more straightforward way to calculate the implied standard deviation if I
know the mean and the 95% probability value.

Thanks,

Anand

David Billigmeier

Standard deviation calculation
 
Use NORMSINV() and some algebra...

=(X-mean)/NORMSINV(your_probability)

Where X is the value you calculated the 95% probability for (normal notation
when calculating a Z score)
--
Regards,
Dave


"Anand" wrote:

If I have the mean and a 95% probability value for a distribution, is there a
function that will calculate the standard deviation?

I currently use norminv with a guess for the standard deviation and then
goal seek to get the implied standard deviation. I was wondering if there is
a more straightforward way to calculate the implied standard deviation if I
know the mean and the 95% probability value.

Thanks,

Anand



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