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Monte Carlo method

noun, Statistics.
1.
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
1945-1950
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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Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for Monte Carlo method

Monte Carlo method

noun
1.
a heuristic mathematical technique for evaluation or estimation of intractable problems by probabilistic simulation and sampling
Word Origin
C20: named after the casino at Monte Carlo, where systems for winning at roulette, etc, are often tried
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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