Unsure Calculator
The Uncertainty Calculator enables users to perform calculations using precise numbers and ranges (e.g., 4 or 4 ± 6) to express uncertainty. It simplifies statistical reasoning for everyday decisions, helping users gauge potential financial outcomes in uncertain situations.
Key Features
Input both exact numbers and ranges with a tilde (~) to denote uncertainty.
Operates on basic mathematical operations: addition, subtraction, multiplication, and division, and supports functions like exponentiation, square roots, and trigonometric functions.
Utilizes a Monte Carlo method for computations, providing a probabilistic range of results.
Design is basic and intentionally user-friendly, aiming to empower those without deep statistical knowledge.
Limitations
Calculation speed is slower due to Monte Carlo simulations, and the formula parser may show errors.
Only normal distributions are assumed for ranges, providing a simplified model for uncertainty.
Practical Applications
Estimate financial viability of business ideas, calculate potential investment returns, assess risks, and more, all accounting for uncertainty in key variables.
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