The Google Sheets function CONFIDENCE.NORM is a statistical tool used to determine the margin of error for a given confidence interval in the context of a normal distribution. This function is particularly useful for researchers, data analysts, and anyone involved in statistical analysis, as it allows for more informed decision-making based on the accuracy of sample data.
Syntax
CONFIDENCE.NORM(alpha, standard_dev, size)
- alpha: The significance level, which indicates the probability that the confidence interval does not contain the true population mean.
- standard_dev: The standard deviation of the population, which reflects the degree of variation in the data.
- size: The size of the sample, representing the number of observations used for computation.
Example #1
CONFIDENCE.NORM(0.05, 10, 30)
This function calculates the margin of error for a 95% confidence level, with a standard deviation of 10 and a sample size of 30. The result would be approximately 3.65.
Example #2
CONFIDENCE.NORM(0.01, 5, 50)
Here, the function computes the margin of error for a 99% confidence interval, given a standard deviation of 5 and a sample size of 50. The result is around 1.18.
Example #3
CONFIDENCE.NORM(0.10, 8, 20)
In this case, the function determines the margin of error for a 90% confidence level, with a standard deviation of 8 and a sample size of 20. The output is approximately 2.74.
Error handling
- NUM! Occurs if the alpha is not between 0 and 1, or if the size is less than 1.
- DIV/0! This error is displayed if the standard_dev is zero.
- VALUE! Indicates that the inputs are of the wrong type. Ensure that numerical values are provided where required.