BINOM.DIST Function
BINOM.DIST returns probability as a decimal number between 0 and 1. Binary data shows up when an observation can be placed into only two categories. For example, when tossing a coin, the result can only be heads or tails. Or, when rolling a die, the result can either be 6 or not 6. Since a die has six sides, the probability of rolling a 6 is 1/6, or 0.1667. The probability of rolling one 6 in 10 trials is about 32%....