<

Go Premium for a chance to win a PS4. Enter to Win

x

Building Probability Models in Excel Part 2: Simulating Sales Calls

Posted on
6,256 Points
256 Views
Last Modified:
Experience Level: Beginner
4:47
The viewer will learn how to simulate a series of sales calls dependent on a single skill level and learn how to simulate a series of sales calls dependent on two skill levels.

Video Steps

1. Simulating Independent Sales Calls: Enter .75 into cell C2 – “skill level”

2. Enter =IF(RAND()<$C$2,1,0) into cell A2 and copy to A31

3. Enter =SUM(A2:A31) into cell C4

4. Simulating Calls With Two Different Skill Levels: Enter =2/3 into cell E2 for high skill and =1/3 into cell F2 for low skill

5. Enter =IF(RAND()<0.5, E2, F2) into cell C2

0
Comment
Author:Toby Reaper
1 Comment
 
LVL 1

Expert Comment

by:ankitha reddy
nice one.. thanks for the video
0

Featured Post

Technology Partners: We Want Your Opinion!

We value your feedback.

Take our survey and automatically be enter to win anyone of the following:
Yeti Cooler, Amazon eGift Card, and Movie eGift Card!

Join & Write a Comment

Gain an elementary understanding of Blockchain technology.
After seeing numerous questions for Dynamic Data Validation I notice that most have used Visual Basic to solve the problem. This suggestion is purely formula based and can be used in multiple rows.

Keep in touch with Experts Exchange

Tech news and trends delivered to your inbox every month