CONFIDENCE function

PRO

The CONFIDENCE function in Jspreadsheet Formulas Pro is a statistical tool that calculates the confidence interval for a population mean. This means that it gives you a range within which the true average (mean) of a whole population is likely to fall. It is often used in data analysis to estimate the reliability of predictions, offering a calculated guess about the actual value based on observed data. So, by using the CONFIDENCE function, you can get an understanding of how accurate your data samples are in representing the entire population.

Documentation

Returns the confidence interval for a population mean.

Syntax

CONFIDENCE(alpha, standard_dev, size)

Parameter	Description
`alpha`	The significance level used to compute the confidence level. Often represented as a decimal; for example, use 0.05 for a 95% confidence level. Must be > 0 and < 1.
`standard_dev`	The population standard deviation for the data range and is assumed to be known. Must be greater than 0.
`size`	The sample size.

Behavior

The CONFIDENCE function is used to calculate the confidence interval for a population mean, using a normal distribution. It requires three arguments: alpha, standard_dev and size. Here's how it handles different types of inputs:

Empty Cells: If any required argument is left empty or references a blank cell, the function returns a #VALUE! or #NUM! error depending on context.
Text: If a text string is input into any of the function's arguments, it will return a #VALUE! error.
Booleans: If a boolean value is input, it will be automatically converted to 1 (TRUE) or 0 (FALSE).
Errors: If any of the arguments contain an error, the CONFIDENCE function will return that same error.

Common Errors

Error	Description
#NUM!	Occurs when either the `alpha` argument is ≤ 0 or ≥ 1, `standard_dev` ≤ 0, or `size` < 1.
#VALUE!	Occurs when any of the arguments are non-numeric or are text strings.
#DIV/0!	Occurs when the `size` argument is zero. This is because you cannot calculate a confidence interval with zero observations.

Best practices

Always ensure that your alpha argument is between 0 and 1, as it represents a probability. Typically, for a 95% confidence interval, alpha would be 0.05.

The standard_dev and size arguments should always be positive. standard_dev represents the population standard deviation, while size represents the number of observations.

Be aware that the CONFIDENCE function assumes a normal distribution. If your data does not follow a normal distribution, consider using a different statistical method.

Always check your data for errors or non-numeric values before inputting it into the CONFIDENCE function to prevent erroneous output.

Usage

A few examples using the CONFIDENCE function.

| Formula                         | Result         | Description                                            |
|---------------------------------|----------------|--------------------------------------------------------|
| CONFIDENCE(0.05, 1.5, 30)       | ≈ 0.53676      | 95% CI, std dev = 1.5, sample size = 30               |
| CONFIDENCE(0.01, 2, 100)        | ≈ 0.51516      | 99% CI, higher confidence level gives wider margin    |
| CONFIDENCE(0.10, 0.5, 25)       | ≈ 0.16448      | Lower confidence (90%), smaller margin of error       |

Interactive Spreadsheet Demo

<html>
<script src="https://jspreadsheet.com/v11/jspreadsheet.js"></script>
<script src="https://jsuites.net/v5/jsuites.js"></script>
<link rel="stylesheet" href="https://jsuites.net/v5/jsuites.css" type="text/css" />
<link rel="stylesheet" href="https://jspreadsheet.com/v11/jspreadsheet.css" type="text/css" />

<link rel="stylesheet" href="https://fonts.googleapis.com/css?family=Material+Icons" />
<script src="https://cdn.jsdelivr.net/npm/@jspreadsheet/formula-pro/dist/index.min.js"></script>

<div id="spreadsheet"></div>

<script>
// Set your JSS license key (The following key only works for one day)
jspreadsheet.setLicense('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');

// Set the extensions
jspreadsheet.setExtensions({ formula });

// Create a new spreadsheet
jspreadsheet(document.getElementById('spreadsheet'), {
  worksheets: [{
    data: [
    [
        "Alpha",
        "Std Dev",
        "Sample Size",
        "Confidence Interval"
    ],
    [
        0.05,
        2.3,
        25,
        "=CONFIDENCE(A2,B2,C2)"
    ],
    [
        0.01,
        1.8,
        50,
        "=CONFIDENCE(A3,B3,C3)"
    ],
    [
        0.1,
        3.2,
        15,
        "=CONFIDENCE(A4,B4,C4)"
    ]
]
  }]
});
</script>
</html>

import React, { useRef } from "react";
import { Spreadsheet, Worksheet, jspreadsheet } from "@jspreadsheet/react";
import formula from "@jspreadsheet/formula-pro";
import "jsuites/dist/jsuites.css";
import "jspreadsheet/dist/jspreadsheet.css";

// Set license
jspreadsheet.setLicense('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');

// Set the extensions
jspreadsheet.setExtensions({ formula });

export default function App() {
    // Spreadsheet array of worksheets
    const spreadsheet = useRef();

    // Worksheet data
    const data = [
    [
        "Alpha",
        "Std Dev",
        "Sample Size",
        "Confidence Interval"
    ],
    [
        0.05,
        2.3,
        25,
        "=CONFIDENCE(A2,B2,C2)"
    ],
    [
        0.01,
        1.8,
        50,
        "=CONFIDENCE(A3,B3,C3)"
    ],
    [
        0.1,
        3.2,
        15,
        "=CONFIDENCE(A4,B4,C4)"
    ]
];

    // Render component
    return (
        <Spreadsheet ref={spreadsheet}>
            <Worksheet data={data} />
        </Spreadsheet>
    );
}

<template>
    <Spreadsheet ref="spreadsheet">
        <Worksheet :data="data" />
    </Spreadsheet>
</template>

<script>
import { Spreadsheet, Worksheet, jspreadsheet } from "@jspreadsheet/vue";
import "jsuites/dist/jsuites.css";
import "jspreadsheet/dist/jspreadsheet.css";
import formula from "@jspreadsheet/formula-pro";

// Set license
jspreadsheet.setLicense('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');

// Set the extensions
jspreadsheet.setExtensions({ formula });

export default {
    components: {
        Spreadsheet,
        Worksheet,
    },
    data() {
        // Worksheet data
        const data = [
    [
        "Alpha",
        "Std Dev",
        "Sample Size",
        "Confidence Interval"
    ],
    [
        0.05,
        2.3,
        25,
        "=CONFIDENCE(A2,B2,C2)"
    ],
    [
        0.01,
        1.8,
        50,
        "=CONFIDENCE(A3,B3,C3)"
    ],
    [
        0.1,
        3.2,
        15,
        "=CONFIDENCE(A4,B4,C4)"
    ]
]

        return {
            data
        };
    }
}
</script>

import { Component, ViewChild, ElementRef } from "@angular/core";
import jspreadsheet from "jspreadsheet";
import * as formula from "@jspreadsheet/formula-pro";

// Set your JSS license key (The following key only works for one day)
jspreadsheet.setLicense('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');

// Set the extensions
jspreadsheet.setExtensions({ formula });

@Component({
    standalone: true,
    selector: "app-root",
    template: `<div #spreadsheet></div>`
})
export class AppComponent {
    @ViewChild("spreadsheet") spreadsheet: ElementRef;
    // Worksheets
    worksheets: jspreadsheet.worksheetInstance[];

    // Create a new data grid
    ngAfterViewInit() {
        // Create spreadsheet
        this.worksheets = jspreadsheet(this.spreadsheet.nativeElement, {
            worksheets: [{
                data: [
    [
        "Alpha",
        "Std Dev",
        "Sample Size",
        "Confidence Interval"
    ],
    [
        0.05,
        2.3,
        25,
        "=CONFIDENCE(A2,B2,C2)"
    ],
    [
        0.01,
        1.8,
        50,
        "=CONFIDENCE(A3,B3,C3)"
    ],
    [
        0.1,
        3.2,
        15,
        "=CONFIDENCE(A4,B4,C4)"
    ]
]
            }]
        });
    }
}

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