Monte Carlo Simulation, Project Cost Estimation.
population sigma1 = int(stdevp(Total)) print(“\033[1m The standard deviation of the total cost of the project is:”, “${:,}”.format(sigma1)) The standard deviation of the total cost of the project is: $3,647 We can now review the true error of the estimate TrueError1 = int(3*sigma1/np.sqrt(N))