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Eulers number in excel

Sordini · 2010-06-22 16:57:16

I believe there is a way to use eulers number and a mean to determine the percentage chance of something happening that is inherently random.for example if own a shop and average 16 customers per hour, but the pattern is random, I need to close the shop for 10 mins, I can use a simple equation to find the percentage chance…

22-06-2010 04:57PM

#1

Sordini

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Join Date: February 2007

Posts: 27

I believe there is a way to use eulers number and a mean to determine the percentage chance of something happening that is inherently random.for example if own a shop and average 16 customers per hour, but the pattern is random, I need to close the shop for 10 mins, I can use a simple equation to find the percentage chance of missing 1,2,3 etc customers respectively. How can you show this in excel?

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Comments

#2 23-06-2010 03:04AM

mr_bojangles

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Join Date: December 2003

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http://en.wikipedia.org/wiki/Poisson_distribution

I think this is what you're looking for.

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#3 23-06-2010 03:32PM

Sordini

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Join Date: February 2007

Posts: 27

That it. BANG on.thanks very much

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