BETAINV function in Excel supports you in calculating the inverse value of the cumulative distribution function BETADIST. This article below will help you gain a deeper understanding of the syntax and usage of the BETAINV function.
How to use the BETAINV function
Guide on Using BETAINV Function in Excel - Illustrated Examples
Syntax: BETAINV(probability, alpha, beta, A, B)
Where:
- Probability represents the probability of event x in the cumulative beta distribution.
- alpha is a parameter of the distribution.
- beta is a parameter of the distribution.
- A is the lower bound of the range of x (default = 0).
- B is the upper bound of the range of x (default = 1).
Consider an Example
- Input real values corresponding to the parameters of the BETAINV function into Excel.
- Input the formula to calculate the inverse value of the cumulative distribution function BETADIST. The result is obtained.
Through this article, you have learned how to use the BETAINV function in Excel to retrieve the inverse value of the cumulative distribution function BETADIST. With this mathematical function, you now possess a powerful tool to efficiently complete your computational tasks.
