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An Excel template that uses the Normal Distribution Curve is an excellent way to use your skills in the area of formulas. The steps and workbooks that come with the template allow you to go ahead and create and modify a curve.
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The model used by the Simpson Curve can be found on page 50 of the Simpson Curve User’s Guide. The underlying simulation has been developed over the years and is not at all complicated. You could gain some very valuable real-world experience by using the user’s guide for example.
What you need to know, however, is how to use the Normal Distribution Curve. The first step to getting started is to open up the Excel template that comes with the model. Once you have done this, you should load up the object and then press the “O” key to bring up the Object Options dialog box.
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In the Object Options dialog box, find the section where it says Simulation. The Simpson distribution has been used many times in the real world but not so much in the world of Excel. You will need to turn this on to enable the application to work properly.
Turning the Simulation option will take you to the Simulate section of the Object Options dialog box. You will need to enter your values here and that way the numbers will be properly scaled. After doing this, you will need to make sure that the Normal Distribution Curve is active.
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Click on the tab labeled ‘Simpson Curve Model’ to bring up the Simulation section of the Object Options dialog box. On the Simulate section, you will see that the parameters have been automatically generated. All you have to do is to tweak them to make sure that the curve is right for you.
If you decide that you want to change the values for the Normal Distribution Curve, all you have to do is to click on the ‘Change Curve Values’ button. After this, you will need to save the changes.
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If you are interested in becoming an Excel expert, this is a simple way to get started with the Normal Distribution Curve and create your curves and distributions in the future. All you need to do is find out what the Simulated section of the Object Options dialog box looks like and then tweak the values yourself.