Monte Carlo Simulation, Project Cost Estimation.
numbers in the interval (0,1) and multiply these by the range of each variable. from numpy import random as rn def rand(): d = rn.uniform(0, 1, 1)[0] return (d) The random cost for Activity A will look like this: =10,000+rand()×(20,000–10,000) This formula generates a random value between 10,000