It really helped. Thank you very much.DaveMcW wrote: βMon Apr 20, 2020 7:48 pmPOISSON.DIST() Excel function
failure_chance = POISSON.DIST(required_number_of_successes, success_chance * number_of_events, TRUE)
failure_chance = POISSON.DIST(40, 0.007 * 7000, TRUE)
failure chance for 7000 cycles = 10.98%
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- Wed Apr 22, 2020 2:24 pm
- Forum: General discussion
- Topic: Confidence level calculation
- Replies: 4
- Views: 1965