Question: Figure 2 is the output from the Montecarlo simulation run for the project. The red curve is the cumulative probability while the bar chart is

Figure 2 is the output from the Montecarlo

Figure 2 is the output from the Montecarlo simulation run for the project. The red curve is the cumulative probability while the bar chart is the individual probability. Analyse the output and summarise your analysis of the output. Overall Cost Distribution 100% 7.00 6.00 R 80% 5.00 5/8 400 50% 3.00 Y 200 % 100 0.00 1700 1750 18.00 18.50 2000 20.50 21.00 19.00 1950 PROJECT COST (millions) Figure 2: Montecarlo Output

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is the output from the Montecarlo simulation run for the project. The red curve is the cumulative probability while the bar chart is the individual probability.

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