Monte Carlo Simulation, Project Cost Estimation.
error = int(round(Avg*Loss,0)) print(“\033[1m The absolute error of 2% is:”, “${:,}”.format(error)) The absolute error of 2% is: $1,475 Therefore the number of simulations in order to obtain a result with an error of less than 2% is: N = int(round((3*sigma/error)**2,0)) print (“\033[1m The number