what is the probability that the next random number will equal current one?

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Published on 2010-06-10T19:46:49Z Indexed on 2010/06/10 19:52 UTC
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excel

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vba

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random

if i do this in a worksheet:

=RAND()

i also specified that i want only 2 decimal places

and for example let's say that rand() = 0.07

what is the probability that when i call this function again i will get 0.07 ??

i know that ideally if we assume 100% randomness, the answer would be 1/ (10 * 10) because there are only 100 possible combinations, but what would it be according to the way excel generates a random number?

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