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