Random Probability in excel
Results 1 to 2 of 2

Thread: Random Probability in excel
Thanks Thanks: 0 Likes Likes: 0

  1. #1
    New Member
    Join Date
    Nov 2018
    Posts
    1
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default Random Probability in excel

    If a company owns 15 locations across the country. They want to add new systems in each locations. Some locations require more than 1 system. Some of these locations are located in the South, NE, W and Midwest. the systems installed are as below:

    South - 10 systems

    NE- 1 systems

    West - 5 systems

    Midwest - 3 systems

    Can we predict in which region the next system(s) will be? What is the prob of it falling in any of thoe regions? Can that be done in excel ?

  2. #2
    MrExcel MVP shg's Avatar
    Join Date
    May 2008
    Location
    The Great State of Texas
    Posts
    21,602
    Post Thanks / Like
    Mentioned
    0 Post(s)
    Tagged
    14 Thread(s)

    Default Re: Random Probability in excel

    If demand were increasing equally year-over-year and all systems were running at near capacity, then the one that has the most systems would be the first to justify a new one.

Some videos you may like

User Tag List

Tags for this Thread

Like this thread? Share it with others

Like this thread? Share it with others

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •