Excel Formula If This Or This Or This Equals That How to Use the GAMMAINV Function in Microsoft Excel

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How to Use the GAMMAINV Function in Microsoft Excel

Excel is a spreadsheet application that is distributed and written by Microsoft for Mac OS x and Windows. With the application, you can make calculations, graphs, tables, etc. It also uses a macro programming language known as Visual Basic or VBA for applications. It has also been one of the most widely used spreadsheet applications since version 5 in 1993. The current versions of Excel are MS Office Excel 2010 f for Microsoft Windows and Mac 2008. Since then, there have been many interesting and useful features. with the application.

GAMMAINV function description

The GAMMAINV function returns the inverse of the gamma cumulative distributions. When p = GAMMADIST (x…), then GAMMAINV (p…) =x.

You can use the function to study variables whose distributions may be skewed.

GAMMAINV function syntax:

=GAMMAINV(probability,alpha,beta)

where,

• Probability – is the probability associated with the gamma distribution

• Alpha – is the parameter of the distribution

• Beta – is the parameter for the distribution

When beta is equal to one, GAMMAINV reverts to the standard gamma distribution.

Note:

• When the argument is text, GAMMAINV returns #VALUE! error value

• When probability one, return to GAMMAINV #NUM! error value

• If alpha ≤ zero or when beta ≤ zero, return to GAMMAINV #NUM! error value

• Given a probability value, GAMMAINV returns the value x such that GAMMADIST (x, alpha, beta, True) = probability. Therefore, the precision of GAMMAINV differs from the precision of GRAMMADIST. The GAMMAINV function uses recursive techniques. When the search has not converged after one hundred iterations, the function returns #N/A! error value.

How to use the GAMMAINV function?

Excel is such a powerful tool that you can use to calculate statistical information using its functions. It can offer any stat output you need. For example, to obtain the inverse function of a statistical distribution linked to this gamma, and then you can use the GAMMAINV function in Excel.

Steps:

• Start by opening the MS Excel program, then Start. Choose Programs and choose Microsoft Office, then choose Excel.

• Find the Excel file you want to use in the GAMMAINV function. Choose File Options then open the File menu, locate the Excel spreadsheet file that you want to apply.

• Choose a blank spreadsheet cell to place the GAMMAINV function. A cell should be conveniently located in a spreadsheet or when the spreadsheet contains large amounts of data.

• Click on the Insert function button at the top of he column header in the spreadsheet.

• Type GAMMAINV in the search function, click GAMMAINV function to run the function

• Input the probability, alpha, and beta of given information into a spreadsheet, when you do not understand the use of these inputs; You need to read the GAMMAINV function descriptions.

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