How To Set Up An If Then Formula In Excel 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 distributed and written by Microsoft for the Mac OS x and Windows operating systems. With the help of the application, you can calculate, create graphs, tables, etc. It also includes a macro programming language known as Visual Basic for Applications, or VBA. It is also one of the most widely used spreadsheet applications, since version 5 in 1993. Current versions of Excel are MS Office Excel 2010 f for Microsoft Windows and Mac 2008. Since then, many interesting and useful features have been introduced. with the app.

GAMMAINV function description

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

You can use the function to examine variables whose distribution can be skewed.

Syntax of the GAMMAINV function:

=GAMMAINV(probability,alpha,beta)

where,

• Probability – is the probability associated with the gamma distribution

• Alpha – is a parameter of the distribution

• Beta – is a distribution parameter

If beta is equal to one, GAMMAINV returns to the standard gamma distribution.

Notes:

• If the argument is text, GAMMAINV returns #VALUE! Error value

• If the probability is one, GAMMAINV returns #NUM! Error value

• If alpha ≤ zero or if beta ≤ zero, GAMMAINV returns #NUM! Error value

• Given a probability value, GAMMAINV looks like the value x it likes GAMMADIST (x, alpha, beta, true) = probability. Thus, the accuracies of GAMMAINV vary with the accuracies of GRAMMADIST. The GAMMAINV function uses iterative techniques. If 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 with the help of its functions. It can probably provide any statistical output you need. For example, to get the inverse of a statistical distribution as it relates to gamma, and then you can use the GAMMAINV function in Excel.

Steps:

• Start by opening the MS Excel program, then start. Select Program and Microsoft Office, then select Excel.

• Browse to the Excel file you want to use in GAMMAINV. Select File Options, then open the File menu, locate the Excel spreadsheet file you want to apply.

• Select an empty spreadsheet cell to put the GAMMAINV function. The cell should be conveniently located in the spreadsheet or if the spreadsheet has a lot of data.

• Press the Add button at the top of the spreadsheet column header.

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

• Enter the probability, alpha and beta of the given information into the spreadsheet if you do not understand the use of these inputs; you need to read the details of the GAMMAINV function.

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