I am getting very anomalous results with Goal Seek and suspect that there is a setting wrong somewhere. FWIW, I am getting identical results with two different computers and two different versions of Excel. Here is a simple example of the problem.
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If I then try to figure out what the mean has to be in order to get .1% (or .001) as the percentage, I use Goal Seek, the Set Cell is B4, the To Value is .001, and the By Changing Cell is B1. The answer I get is 12.1705 for the new mean (and the value in B4 is infinitesimal). The correct answer is around 12.093 (which yields pretty close to .001 in B4). What is going on?
Thanks in advance for the help.
Mean | 12.05 | |
StdDev | .03 | |
Cutoff | 12.00 | |
Percentage | .048 | (formula is =NORMDIST(B3,B1,B2,TRUE) |
<tbody>
</tbody>
If I then try to figure out what the mean has to be in order to get .1% (or .001) as the percentage, I use Goal Seek, the Set Cell is B4, the To Value is .001, and the By Changing Cell is B1. The answer I get is 12.1705 for the new mean (and the value in B4 is infinitesimal). The correct answer is around 12.093 (which yields pretty close to .001 in B4). What is going on?
Thanks in advance for the help.
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