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In the bell curve, the highest point is the one that has the highest probability of occurring, and the probability of occurrences goes down on either side of the curve.
It is often used during employee performance appraisals or during evaluation in exam.
Now to understand bell curve, you need to know about two metrics:
Mean – the average value of all the data points
Standard Deviation – it shows how much the dataset deviates from the mean of the dataset.
This is a tutorial video on creating a Bell Curve in Microsoft Excel
Formula: =NORM.S.DIST(B2, False), provided B2 can be the starting value range.
Suppose you work in a team of 100 members and your manager tells you that your performance will be relative to others and will be evaluated on the bell curve.
This means that even if your team is the best team ever and you’re all superheroes, only a handful of you would get the top rating, most of the people in your team would get an average rating, and a handful will get the lowest rating.
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