This is a sample model that demonstrates the use of Monte Carlo Simulations to generate a probabilistic risk estimate using an open source Excel Add In tool called XLRisk
For more detail, please have a look at the accompanying -Youtube tutorial:https://youtu.be/0RiEquwDjNg -Medium article :https://medium.com/@zhijingeu/building-a-probabilistic-risk-estimate-using-monte-carlo-simulations-cf904b1ab503
Note : If you would like to follow along, you need to first Download and Install XLRisk on your own machine : https://github.com/pyscripter/XLRisk