The Cumulative Binomial Distribution (calculated by the Excel Binom.Dist function) is a statistical measure that is frequently used to indicate the probability of obtaining a specific number of successes from a specific number of independent trials.
The Binom.Inv function calculates the inverse of the Cumulative Binomial Distribution.
I.e. for a given number of independent trials, the Binom.Inv function returns the smallest value of x (the number of successes) for a specified Cumulative Binomial Distribution probability.
The Excel Binom.Inv function returns the inverse of the Cumulative Binomial Distribution.
I.e. for a given number of independent trials, the function returns the smallest value (number of successes) for which the cumulative binomial distribution is greater than or equal to a supplied probability.
For example, the Binom.Inv function could be used to calculate the minimum number of tosses of a coin for which there is a 50% chance of at least 20 heads.
The Binom.Inv function is new in Excel 2010, and so is not available in earlier versions of Excel. However, this function is simply a new version of the Critbinom function, which is available in earlier versions of Excel.
The format of the Binom.Inv function is:
where the arguments are listed in the table below:
|trials||-||(If supplied as a decimal, this value is truncated to an integer by Excel)|
|probability_s||-||The probability of success in a single trial.|
|alpha||-||The probability of the Cumulative Binomial Distribution (must be between 0 and 1).|
The above chart on the right shows the Cumulative Binomial Distribution Function, representing the probability that at most x heads will be thrown from 100 tosses of a coin.
The Excel Binom.Inv function calculates the inverse of this function. I.e. the function calculates the minimum value of x for which the Cumulative Binomial Distribution function is a given probability. This is shown in the spreadsheet below, for three different probability values.
Further examples of the Excel Binom.Inv function can be found on the Microsoft Office website.
If you get an error from the Excel Binom.Inv Function, this is likely to be one of the following:
|#VALUE!||-||Occurs if any of the supplied arguments are non-numeric.|