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Thanks, that's helpful. I'm using Excel 2003 so I'll try and keep it simple
and stay within their native functions. I'm still trying to incorporate range however. What I'm doing is building a model that will allow the user to input the minimum and maximum possible values (between 0 and 1) and then have Excel pull a random number from a normal or other distribution. Your suggestion of =NORMSINV(RAND()) got me halfway there but I'm trying to figure out a way to incorporate the range the user inputs. It could also be that I need to assume some mean and standard deviation. =NORMSINV(RAND()) uses 0 and 1 respectively. Any ideas or places to look? Thanks McGinty "Jerry W. Lewis" wrote: Theoretically, =NORMSINV(RAND()) would be a normal random number. In practice, prior to Excel 2003 NORMSINV() was too inaccurate for for this to be acceptable even for non-stringent applications. Alternately you could use Ian Smith's inv_normal() function instead of the native Excel function NORMSINV() http://members.aol.com/iandjmsmith/Examples.xls Another approach would be to use the Box-Muller method =SQRT(-2*LN(RAND()))*COS(2*PI()*RAND()) or =SQRT(-2*LN(RAND()))*SIN(2*PI()*RAND()) Jerry "McGinty" wrote: Is there a way for me to have Excel select a random number from a given, e.g., normal distribution? Also can I put a range on the distribution? Thanks in advance |
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