Python Monte Carlo, Monte Carlo Simulation, Pert Distribution, Scipy Distributions.
be normally distributed about a mean of 1.5 and with a standard deviation of 0.1. For the characteristic life, we take a 3-point-estimate which the engineering team provides for the maximum, likely, and minimum values, at 45,000, 50,000, and 60,000 hours of operation. Then we derive a PERT