Hello, I have a formula I inherited and I want to use actual cells to populate this. I don't know statistics enough to know what this says but can get kick started is anyone knows the math?
In cell E3 the value is 6419 (the amount of samples I sent out) in F3 where the formula is the value is 362. Here is the formula:
=E3/(1+(((E3-1)*(5^2))/(50*(100-50)*(IF(95=90,2.69,IF(95=95,3.84,6.66))))))
I am trying to figure out 2 things. 1. What can I do to make this formula easier and to understand it so I can type in 90% etc. Also I would like to create another formula that shows if I type in a value what the confidence interval actually is? I understand it on paper but not in excel.
Thank you
In cell E3 the value is 6419 (the amount of samples I sent out) in F3 where the formula is the value is 362. Here is the formula:
=E3/(1+(((E3-1)*(5^2))/(50*(100-50)*(IF(95=90,2.69,IF(95=95,3.84,6.66))))))
I am trying to figure out 2 things. 1. What can I do to make this formula easier and to understand it so I can type in 90% etc. Also I would like to create another formula that shows if I type in a value what the confidence interval actually is? I understand it on paper but not in excel.
Thank you