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random-picking procedure


Element A is comprised of components X and Y.

Nominal Estimation:

C(A) = C(X) + C(Y)

C(z) -- cost of Z.


X and Y are each associated with the cost frequency curve.

A computer picks a random value for X and for Y subject to their respective cost frequency curves. These two values are added to form a value for the cost of A.

The former step is repeated sufficient times for these value to establish a histogram that may be translated into a cost frequency curve for A.

The cost frequency for A is evaluated to C(A).

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