See Also: Monte Carlo method(encyclopedia)
monte carlo method(medicine)
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Monte Carlo(dictionary)
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Monte Carlo simulation(money)
Ballet Russe de Monte Carlo(encyclopedia)
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monte carlo method (medicine)


monte carlo method


In 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. The name alludes to the randomness characteristic of the games of chance played at the gambling casinos in monte carlo.