Hi everyone,
First time poster, but long time lurker. I am working on a project that requires that I generate a series of randomly generated distributions. I have done a normal distribution with a mean of 45 and a SD of 3.33 by using the following code:
=(NORM.INV(RAND(),45,3.33)
I am now trying to do a lognormal distribution. When I do simply =lognorm.inv(45, 3.33), I get some terrifically large numbers that are functionally unusable. I suspect that I am not scaling my mean and SD correctly. Does anyone have any insights into how I could generate this distribution correctly? Since the distribution needs to be skewed by definition, I assume that the SD needs to change, but I am not quite sure.
Lastly, I am hoping to generate a power law distribution as well. From what I know, Excel does not have a built in function to do this. Does anyone know the formula to obtain such a distribution?
Thanks for your help here.
Bye,
H
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