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Calculate the two-tailed inverse of Student's t distribution. The Advanced
Excel TINV function calculates the inverse of the two-tailed Student T
distribution, which is a continuous probability distribution often used to test
hypotheses against small samples of data.
Uses of p value
The advanced excel tinv function is classified into statistical functions.
It will calculate the t distribution of the left tail pupil. The student's t
distribution is a continuous probability distribution that is often used to
test hypotheses about small data sets of samples. As a financial analyst, the
TINV function is used in the risk analysis of a portfolio, in particular the
risk or return ratio of a portfolio. The function is often used when the sample
size is smaller.
 |
| p value |
Syntax of p-value
=TINV( probability, degrees_freedom )
Challenges of p value
A. If
deg_freedom is not an integer, it is truncated.
B. #NUM! error occurs when the given
probability is less than or equal to zero or is greater than one. The given
deg_freedom is less than 1.
C. #VALUE! error occurs when one or both of the supplied arguments are non-numeric.
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Student t distribution formula in advanced excel
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| student t distribution |
Student t distribution formula in advanced excel
Find the percentage points (probability) for the
Student t distribution where a numerical value (x) is a calculated value of t for which the percentage points are to be calculated. The t-distribution is used in the hypothesis test of small sample data sets. Use this function in place of a table of critical values for the t distribution. The DIST function calculates the Student's T distribution, which is a continuous probability distribution often used to test hypotheses against small sample data sets. Returns the probability of percentage points for the t distribution.Syntax of Student t distribution formula
TDIST(x,
degrees_freedom, tails)
Challenges to use Student t distribution formula
If "x" is not numeric, then #VALUE! is returned.
If "degrees_freedom" is not an integer, it is truncated.
If "degrees_freedom" < 1, then #NUM! is returned.
If "degrees_freedom" is not numeric, then #VALUE! is returned.
If "tails" is not an integer, it is truncated.
If "tails" = 1, then the one-tailed distribution is used.
If "tails" = 2, then the two-tailed distribution is used.
If "tails" is any value other than 1 or 2, then #NUM! is returned.
If "tails" is not numeric, then #VALUE! is returned.
Advanced Excel Steyx Formula
Advanced Excel Steyx Formula
The Excel STEYX function finds the standard error of the predicted y-value for each x in the regression.
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The
standard error is a measure of the amount of error in the prediction of y for
an individual x. The STEYX (known_y's, known_x's) function returns the standard
error of Y given X for a least-squares linear regression line that is used to
predict y values from x values. If you call the two data arrays X's and Y's, earlier
versions of Excel used a single pass through the data to compute the sum of
squares of X's, the sum of squares of Y's, the sum of X's, the sum of Y's, the
sum of XY's, and the count of the number of observations in each array. These
quantities were then combined into the computational formula that is provided
in the Help file in earlier versions of Excel. Replacing a one-tailed approach
by a two-tailed approach guarantees better numeric performance of STEYX in
Excel 2003 and in later versions of Excel. The results in Excel 2003 and in
later versions of Excel will never be less accurate than the results in earlier
versions.
Examples of Steyx Formula
Known_y's
|
Known_x's
|
|
5
|
7
|
1.961823794
|
8
|
6
|
|
1
|
2
|
|
3
|
1
|
|
6
|
4
|
|
7
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4
|
|
4
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2
|
|
2
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1
|
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1
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3
|
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9
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7
|
Syntax of Steyx Formula
=STEYX(KNOWN_Y'S, KNOWN_X'S)
 |
| steyx formula |