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متابعة

What is meant by Monte Carlo Analysis?

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تم إضافة السؤال من قبل Mohamed Sulaiman , Site Project Manager , Al tabarak for Engineering & Contracting company
تاريخ النشر: 2013/12/10
Clodelio Delfino
من قبل Clodelio Delfino , Managing Consultant , Startup Company

The Monte Carlo analysis, is a means of statistical evaluation of mathematical function s using random samples. This requires a good source of random numbers. Example, if you were to flip a coin100 times, you’d expect to end up with about50 heads and50 tails... this is common sense and very simple probability.

 

More details here.

Masood Ahmad
من قبل Masood Ahmad , Freelancer , Fiverr

Analysis technique to calculate project cost & project schedules/ probable project completion dates

 

mastering this would pay you in casinos as well :)