The Excel NORM.INV function calculates the inverse of the Cumulative Normal Distribution Function for a supplied value of x, and a supplied distribution mean & standard deviation.
The Norm.Inv function is new in Excel 2010 and so is not available in earlier versions of Excel. However, the function is simply a new version of the Norminv function that is available in earlier versions of Excel.
The format of the function is:
Where the function arguments are:
|probability||-||The value at which you want to evaluate the inverse function.|
|mean||-||The arithmetic mean of the distribution.|
|standard_dev||-||The standard deviation of the distribution.|
The above chart on the right shows the Inverse Normal Cumulative Distribution Function with a Mean of 5 and a Standard Deviation of 2.
If you want to calculate the value of this function when the probability = 0.6, this can be done using the Excel Norm.Inv function, as follows:
This gives the result 5.506694206.
Further information and examples of the Excel Norm.Inv function can be found on the Microsoft Office website.
If you get an error from your Excel Norm.Inv function this is likely to be one of the following:
|#VALUE!||-||Occurs if any of the the supplied arguments are non-numeric.|