•eliminates the need for all the graphing and guesstimating

•enables you to work with the cumulative beta distribution to determine

the probability that p is less than or equal to some value.
The steps are:
1. Select a cell for BETA.DIST’s answer.

2. From the Statistical Functions menu, select BETA.DIST to open its

Function Arguments dialog box.

3. In the Function Arguments dialog box, type the appropriate values for
the arguments.

4. Click OK to put the answer into the selected cell.

 B. BETA.INV - the inverse of BETA.DIST. If you enter a probability and values
for successes and failures, it returns a value for p.
The steps are:
1. Select a cell for BETA.INV’s answer.

2. From the Statistical Functions menu, select BETA.INV to open its Function
Arguments dialog box.

3. In the Function Arguments dialog box, enter the appropriate values for the
arguments.

4. Click OK to put the answer into the selected cell.

C. POISSON - it approximates the binomial if you have the kind of process
that produces a binomial distribution, and you have an extremely large
number of trials and a very small number of successes.

D. POISSON DIST
1. Select a cell for POISSON.DIST’s answer.

2. From the Statistical Functions menu, select POISSON.DIST to open its Function
Arguments dialog box.

3. In the Function Arguments dialog box, enter the appropriate values for the
arguments.

4. Click OK to put the answer into the selected cell.

A. GAMMA FUNCTION - the extension of concept to include non-integers and
even negative numbers.

B. GAMMA DISTRIBUTION AND GAMMA.DIST

•related to the Poisson distribution in the same way the negative binomial
distribution is related to the binomial.

•tells you how many samples you go through to find a specified number of
successes in a Poisson distribution.
The steps are:
1. Select a cell for GAMMA.DIST’s answer.

2. From the Statistical Functions menu, select GAMMA.DIST to open its

Function Arguments dialog box.

3. In the Function Arguments dialog box, enter the appropriate values for the
arguments.

4. Click OK to put the answer into the selected cell.

C. GAMMA.INV - the number of samples it takes to observe a specified

number of successes.
 - gives the probability that it takes a specified number of
samples to get to the first success.
A. EXPON.DIST - it determines the probability that it takes a specified
number of samples to get to the first success in a Poisson distribution.
The steps are:
1. Select a cell for EXPON.DIST’s answer.

2. From the Statistical Functions menu, select EXPON.DIST to open its Function
Arguments dialog box.

3. In the Function Arguments dialog box, enter the appropriate values for the
arguments.

4. Click OK to put the answer into the selected cell.