Two Dice Monte Carlo Simulation in Excel

Two dice rolls are simulated 1,000 times using Monte Carlo simulation. We show the larger the sample size, the more the results are closer to the expected probability.


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Two Dice Probability Using Excel    • Two Dice Probability Distribution Usi...  

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CHAPTERS

00:00 Estimated probability
01:28 Random two dice rolls
03:03 Monte Carlo simulation
05:14 Sample distribution
06:02 Dropdown list with Data Validation
09:27 INDIRECT function
11:00 Sample vs. expected
12:02 Mean, standard deviation, median
16:07 Color scales in conditional formatting


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My name is Jeff Mankin. I teach accounting, finance, and Excel. I started my website FinallyLearn.com and my channel to teach more people financial topics. I have a passion for teaching financial topics using Excel. I have articles and videos on many financial topics. My goal is to help you finally learn financial skills! Check out the playlists on accounting basics, time value of money, and Intermediate Accounting. I hope you join me on the Finally Learn channel!
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01/12/2022

   • Two Dice Monte Carlo Simulation in Excel