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 (T_{s}), Mean time (t_{e}) 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.