Hey folks. Excuse the pun, but I don't exactly excel at math.
I need to build a sheet that simulates probability. For example, let's say it begins with a variable for "slot machine plays" that is either calculated elsewhere in the sheet or entered manually. Beside it is a column marked "big jackpot" with a certain percentage to "win" (let's say, 0.0014 probability). Rather than just divide and come up with a straight up number derived from the percentage, I'd like the "big jackpot" column to simulate the actual number of plays based on the original variable and come up with a random number of "wins" based on the win probability.
I'm sure this can be done, but it's beyond my Excel-fu abilities.