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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.
Analysis technique to calculate project cost & project schedules/ probable project completion dates
mastering this would pay you in casinos as well :)
