Uniform distribution – Excel Template

Uniform distribution

Events that follow the uniform distribution relate to outcomes with equal probability. Rolling a standard six-sided die is a good case in point.

In a fact, a large number of everyday situations follow the Uniform distribution, too. If a friend of yours offers you 3 identical chocolate bars, the probabilities assigned to you choosing one of them also follow the Uniform distribution.

A major shortcoming of the uniform distributions is that the expected value provides us with no relevant information.

Because all outcomes have the same probability, the expected value when throwing a die, which is 3.5, brings no predictive power.

Other related topics you might be interested to explore are Normal distribution and Binomial distribution.

This is an open-access Excel template in XLSX format that will be useful for anyone who wants to work as a Statistician, Business Intelligence Analyst, Data Scientist, Portfolio Manager, or Risk Manager.

You can now download the Excel template for free.

Uniform distribution is among the topics included in the Quantitative Methods module of the CFA Level 1 Curriculum.

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