BINOM.DIST.RANGE Excel

What Is BINOM.DIST.RANGE Excel Function?

The BINOM.DIST.RANGE Excel function is categorized under the statistical function used to calculate the probability of a range of values occurring in a binomial distribution. This function takes four arguments: number_s represents the value for which you want to calculate the probability, trials indicate the number of trials or experiments, probability_s specifies the probability of success for each trial, and number_s2 denotes the upper bound of the range in question.

In the following example, we will learn how to use BINOM.DIST.RANGE Excel function.

To start with, enter the formula =BINOM.DIST.RANGE(B2,B3,B4,B5) in cell B6.

Press Enter key.

We can see the result in cell B6.

What Is BINOM.DIST.RANGE Excel Function?

The BINOM.DIST.RANGE function in Excel calculates the probability of a specific number of successful outcomes within a certain number of trials using a binomial distribution.
It is helpful for analyzing data with two possible outcomes.
The function requires the number of trials, the probability of success, and the range of successes to be calculated.
The BINOM.DIST.RANGE function in Excel can streamline complex calculations, improve accuracy in probability assessments, and enhance overall efficiency in data analysis tasks.
Excel BINOM.DIST.RANGE function provides professionals with an efficient and reliable way to analyse and interpret data within Excel spreadsheets for informed decision-making.
Equation of BINOM.DIST.RANGE Excel function;

Syntax

Trails – This is the mandatory argument. This is the number of independent trials, which must be 0 or higher.
Probability_s – This is the mandatory argument. This is the probability of success in each trial should be a number between 0 and 1.
Number_s – This is the mandatory argument. This is the number of successes in trials should be between 0 and the number of trials.
Number_s2 – This is the optional argument. This returns the probability of a successful outcome falling between two specified numbers, which should be within the range of possible successful trials.
This function requires all arguments in a specific order and returns the probability of achieving a certain number of successes within a given range.

How To Use BINOM.DIST.RANGE Function In Excel? (With Steps)

To utilize the BINOM.DIST.RANGE function in Excel, follow these steps.

#1 – Access From The Excel Ribbon

Choose the empty cell that will contain the result. Go to the Formulas tab and click it.
Select the More Functions option from the menu.
Select the Statistical option from the drop-down list. Select BINOM.DIST.RANGE from the drop-down menu.
In the Function Arguments window, enter the values for the arguments. Select OK.

#2 – Enter The Worksheet Manually

Step 1: Select an empty cell for the output. Type =BINOM.DIST.RANGE() in the cell. Alternatively, type =B and double-click the BINOM.DIST.RANGE function from the list shown by Excel.

Step 2: Press the Enter key to get the result.

Examples

Example #1

In this example, the BINOM.DIST.RANGE function is used to find the probability of the binomial distribution for a specific number of successes occurring within a defined range of trials. This function is essential for analysing data and making informed decisions based on statistical probabilities.

Let us follow the steps below.

Step 1: Select cell B6 to enter the formula
= BINOM.DIST.RANGE(B2,B3,B4)

Step 2: We can see the result in cell B6.

Example #2

The example shows how to find the probability of getting 10 with 5 % out of 10 trials with a probability of 0.17; you can use the BINOM.DIST.RANGE Excel function.

Look at the table above. To utilize the BINOM.DIST.RANGE Excel function, please follow the steps below:

Step 1: In cell B6, enter the following formula.

= BINOM.DIST.RANGE(A2,B2)

Step 2: We can see the result in cell B6.

Example #3

We have a set of values for trials, probability, number _s and number_s2, and we will calculate the Binomial Distribution Range of these values using BINOM.DIST.RANGE Excel function.

To use the BINOM.DIST.RANGE Excel function, just follow these simple steps:

Step 1: Enter the formula shown below in cell E2.

= BINOM.DIST.RANGE (A2,B2,C2,D2)

Step 2: We can see the result in cell E2, as shown in the image below. Now, using the Autofill handle, drag the formula to cells E2 and E6. You get the following results.

Important Things To Note

The function will round all numbers to whole numbers.
The #NUM! error occurs when the probability is outside the range of 0 to 1, the number_s is outside the range specified by the trials argument, or number_s2 is not within the specified range.
The “#VALUE!” error happens when one of the inputs in the formula is not a number.
The BINOM.DIST.RANGE function in Excel is only for binary outcomes, so it cannot be used for scenarios with more than two possible outcomes.
The BINOM.DIST.RANGE function in Excel is useful in various real-life scenarios such as analyzing marketing tests, clinical trials, and manufacturing processes to determine success rates, probabilities, and defect detection.
There are other functions in Excel that can be used instead of BINOM.DIST.RANGE. BINOM.DIST calculates the probability of a specific number of successes in a series of trials, while BINOM.INV finds the minimum number of successes needed to reach a certain probability.

Frequently Asked Questions (FAQs)

1. Are there any common errors users get while using the BINOM.DIST.RANGE function?

In this example, we will explore the concept of the BINOM.DIST.RANGE Excel function and examine how #NUM! and #VALUE! errors can occur.

Select the cell B6 & C6 to enter the formula. Now, enter the formula exactly as shown below:

=BINOM.INV(B2, B3, B4, B5) in cell B6 shows #NUM! error because number is outside the range specified by the trials argument.

=BINOM.INV(B2, B3, B4, B5) in cell C6 shows #VALUE! error because the value entered is non-numeric.

The result is shown in cells B6 & C6, just like in the provided image.

2. Are there any limitations to using the BINOM.DIST.RANGE function in Excel?

• The function assumes a fixed number of trials and a constant probability of success for each trial, which may not always reflect real-world scenarios where the parameters can vary.
• The function finds probabilities for a specific range of outcomes, making it less versatile than other functions that allow for more flexible calculations.
• The BINOM.DIST.RANGE function only provides cumulative probabilities up to a certain value, limiting its usefulness for analysing extreme or outlier data points.

3. What are the benefits of using the BINOM.DIST.RANGE function in Excel?

• The function allows users to find the probability of a certain number of successes within a specified range of trials in a binomial distribution.
• Using parameters such as number of trials, probability of success, minimum number of successes, and maximum number of successes, users can quickly and accurately determine the likelihood of achieving a desired outcome within a given set of circumstances.
• This function is particularly useful for risk assessment, decision-making processes, and project planning in various industries such as finance, healthcare, and engineering.

Download Template

This article must help us understand the BINOM.DIST.RANGE Excel Function’s formula and examples. You can download the template here to use it instantly.

BINOM.DIST_.RANGE-Excel Download

BINOM.DIST.RANGE Excel