A Poisson distribution is a statistical distribution showing the likely number of times that an event will occur within a specified period of time.

You can use the RAND () function to establish probability and create a random variable with normal distribution.

Discover what a log-normal distribution is, its financial applications, and how to calculate it, including using Excel for practical financial analysis.

Knowing how to calculate relative and cumulative distribution in Excel can be useful in a variety of circumstances. It can be used in market analysis to sort a sample of people into age groups.