Monte Carlo method

noun Statistics.

a technique for numerically approximating the solution of a mathematical problem by studying the distribution of some random variable, often generated by a computer.

Origin of Monte Carlo method

First recorded in 1945–50; alluding to the randomness of such a method, as characteristic of the games of chance played at Monte Carlo

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British Dictionary definitions for monte carlo method

Monte Carlo method

noun

a heuristic mathematical technique for evaluation or estimation of intractable problems by probabilistic simulation and sampling

Word Origin for Monte Carlo method

C20: named after the casino at Monte Carlo, where systems for winning at roulette, etc, are often tried

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