How to Calculate Probability Factor?
Probability Factor calculator uses probability_factor = (Scheduled time-Mean time)/Standard Deviation to calculate the Probability factor, The Probability Factor is a term used to find the probability of occurrence of an event or completion of an event at expected time. . Probability factor and is denoted by Z symbol.
How to calculate Probability Factor using this online calculator? To use this online calculator for Probability Factor, enter Scheduled time (Ts), Mean time (te) and Standard Deviation (σ) and hit the calculate button. Here is how the Probability Factor calculation can be explained with given input values -> 0 = (1728000-1728000)/40.83.