How to Use the Excel Function BINOM.DIST SERIES

In this post you will learn about how to use the BINOM.SERIES function of the Excel sheet, with a series of steps to follow.

Many people nowadays trust computers for multiple tasks , and among its most used programs is Excel, which can be used to create a form , create tables for different tasks or follow-ups, and even to convert numbers to letters in a way. very simple.

It only takes a little practice and a lot of dedication, thanks to the fact that this Office suite program is very efficient for a myriad of tasks .

Anyone who wants to perform calculations quickly can be used for countless things, whether it be to keep company accounts , to keep records or to make tables in which to keep a certain order. In this case, a step by step will be explained about one of the many statistical functions that Excel has.

Excel function BINOM.DIST SERIES

The code SERIES BINOMDIST is an Excel statistical function used to return the probability of a test result.

• Its syntax is as follows: SERIES BINOMDIST (trials; probability-success; num-successes; [num-successes2]).
• Trials .. It is the total number of trials in numerical value.
• Proba-success. It is the success of each test, a numerical value greater than or equal to 0 but less than or equal to 1.
• Num-success It is the minimum number of successes in the tests to calculate the probability.
• No.-success2. It is the maximum number of successes in the tests for which you want to calculate the probability.

Step by step to use the function

To apply the DISTR. BINOM. SERIES , in the Excel program you must follow, at the bottom of the letters, the following steps:

1. Select a cell where you want to see the result.
2. Click on the icon that says “Insert function ∑” , which is located in the upper toolbar. Although there are two other ways to do it: Right click on the selected cell and choose the function “Insert function” that appears in the menu. Press the icon that can be found in the formula bar.
3. Select the group of statistical functions from the list.
4. Click on the BINOM.DISTRY SERIES function .
5. Enter the corresponding arguments separated by commas. (For understanding, the following values ​​will be used: 56-0,28-20-31).
6. Hit the Enter button and the rest will be done by the program itself.

Note: The result obtained that returns the binomial distribution based on the probability of 31 successes out of 56 trials and a 28% probability of success. Therefore, the final result is 0.05038, but it can be interpreted as 5.038%. Which lets us know what the probability of success in the desired equation would be.

Similarly, the values ​​previously entered manually can be added one by one in a different box, then, when writing the function in the selected cell, you will simply have to select one by one the boxes with the necessary values ​​to perform the statistical function .

Either way, you can take a good look at the photo in case you got lost in any of the steps. At the same time, the following points must be taken into account before performing this function:

1. If a value set in the box is outside its limits (BINOM), the same formula will tell you #NUM! #VALUE!.
2. If any argument written in the boxes is not numeric, what it will show will be the same result of the previous explanation.
3. Excel itself is applying the following equation: N is the trials, p is Prob-success, s is Num-successes, s2 is Num-successes2, and k is the interaction variable.
4. Numeric arguments are truncated to whole numbers .

Learning to use the Excel function BINOM.DIST SERIES is as simple as creating a monthly calendar . Using these tools requires concentration , nothing more.

The results will be as truthful as a computer and can be carried out within seconds, and you can even tasks in Excel will be more bearable, the only thing that should be taken into account, except that is You can use more than one formula , you have to be focused when entering the data, so that they are not erroneous.

Since this tool reduces time to results, it is better to use it to get tangled up in a lot of numbers. Also, you can count that using Excel no result will go wrong , unless the data entered is wrong.