A bell curve, also referred to as a traditional distribution, is a statistical illustration of the distribution of knowledge. It’s a symmetrical, bell-shaped curve that reveals the chance of a given worth occurring. Bell curves are utilized in all kinds of fields, together with statistics, finance, and engineering.
In Excel, you’ll be able to create a bell curve utilizing the NORMDIST operate. This operate takes three arguments: the imply, the usual deviation, and the x-value. The imply is the typical worth of the info, the usual deviation is a measure of how unfold out the info is, and the x-value is the worth for which you wish to calculate the chance.