In Microsoft Excel, using a scatter chart allows you to plot the data points against the probability of achieving each observed data point.

How to Figure Out Classical Probability on Excel. Classical probability theory assumes an equal likelihood for all outcomes. For example, if you were to flip a coin, there's an equal change of it ...

Learn what Value at Risk is, what it indicates about a portfolio, its pros and cons, and how to calculate the VaR of a portfolio using Microsoft Excel.