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Excel Probability Function - How to check and apply probability

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    Excel Probability Function - How to check and apply probability

    Ok, so I am wondering if this is possible.

    let us imagine we start with 0 points and there is an 80% chance every time you roll the dice for it to increase by 5 points but if it fails it decreased by 5 points. But heres the thing, it costs you 80 million per 5 points you are trying to achieve so if you had 5 points and your next roll was trying to achieve 10 points then it would cost you 160 million for that chance.

    I hope that makes sense, i have attached the spreadsheet. I wasn't sure if excel was able to generate values based on probability.
    Attached Files Attached Files

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    Re: Excel Probability Function - How to check and apply probability

    In excel apply
    =prob(x_range,prob_range,lower_limit,upper_limit)


    atul


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    Re: Excel Probability Function - How to check and apply probability

    Quote Originally Posted by avk View Post
    In excel apply
    =prob(x_range,prob_range,lower_limit,upper_limit)
    Thanks for the reply. i tried that but couldn't get it to work. could you try it on the spreadsheet i attached and see if it works for you?

    Thanks

    Jack

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    Re: Excel Probability Function - How to check and apply probability

    In your file enter manually desired result.

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