How to Use the BINOMDIST & NORMSDIST functions in Excel

New to Excel? Looking for a tip? How about a tip so mind-blowingly useful as to qualify as a magic trick? You're in luck. In this Excel tutorial from ExcelIsFun, the 274th installment in their series of digital spreadsheet magic tricks, you'll learn how to calculate various probabilities for a binomial distribution when there are additional complicating factors. This is accomplished with recourse to Excel's BINOMDIST, NORMSDIST, SUMIF, SUM, INDEX and MATCH functions. See also how to create the entire binomial distribution given a pi value, number of trials and a complicating factor.