Resolved: Excel formula to find number in the Z-table
HI,
I'm struggling to find an automated way to lookup the number in th Z-table. Refer to 5:10, I finally managed to do this by formula, but this doesn't work for CI 90% or 95% (refer to 6:30)
Here's what I've done so far:
- F38 is number to lookup (0.9750 in this case)
- ZTABLE is the the named range of the z-table in a separated sheet
Get Z-Table column ---> Result: 0.06
=INDEX(ZTABLE,1,SMALL(IF(NOT(ISERROR(SEARCH(F38,ZTABLE))),COLUMN('Z-Table'!A:K),99^99),1))
Get Z-Table row ---> Result: 1.90
=INDEX(ZTABLE,SMALL(IF(NOT(ISERROR(SEARCH(F38,ZTABLE))),ROW('Z-Table'!1:36),99^99),1),1)
Zα /2 = Z-Table column + Z-Table row (1.96)
Is there any simpler way finding Zα /2 that can be solved by formula instead of manually find the number in the table?
Thanks
You can try the NORMSINV function in excel.
Thanks Eugene! This make more sense than looking up the table.
=NORMSINV(probability)=NORMSINV(0.95) or you can also use the excel function Z.INV(probability, mean, standard_deviation)
=Z.INV(probability, mean, standard_deviation)=Z.INV(0.95,0,1)