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Cumulative Distribution Function (CDF)


A statistical function based on the accumulation of the probabilistic likelihood of occurrences. In the case of the DOE risk analysis, it represents the likelihood that at a given percentage the project cost or duration will be at or below a given value. As an example, the x-axis might represent the range of potential project cost values evaluated by the Monte Carlo simulation and the y-axis represents the project’s probability of completion.

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