Monte Carlo Simulation, Project Cost Estimation.
[76952.34223882], [73327.28572459], …, [72209.44966106], [70214.23478211], [72292.60519464]]) The Model is ran 362 times. The expected value of the random variable is the average of the Total column: Expected_Value1 = int(np.mean(Total)) print(“\033[1m The expected value of the total cost of the