The RAND function returns an evenly distributed random real number greater than or equal to 0 and less than 1. A new random real number is returned every time the worksheet is calculated.

RAND takes no required arguments and no optional arguments:

Syntax: RAND()

#1)
Using the RAND function:

Summary

The RAND function returns an evenly distributed random real number greater than or equal to 0 and less than 1
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