Develop a model that conducts Monte Carlo Simulation for a given schedule. The model will prompt the
Question:
Develop a model that conducts Monte Carlo Simulation for a given schedule. The model will prompt the user for the number of desired samples (please use 250,000 as the default value) and takes a CSV file in the format of the attached file as input. Please generate the following answers from the model: i. The total duration of the entire project in terms of: a) Mean and standard deviation b) A plot of CDF ii. Build a function that prompts the user to input a desired confidence level (in percentage) and determines the completion date to finish with the given confidence level: “This project will finish within _____ days with a _____ confidence level” iii. Draw a column chart that?
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry