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Monte CarloMain Entry: Mon·te Car·lo Pronunciation: \ˌmän-tē-ˈkär-(ˌ)lō\ Function: adjective Etymology: Monte Carlo, Monaco, famous for its gambling casino Date: 1949 : of, relating to, or involving the use of random sampling techniques and often the use of computer simulation to obtain approximate solutions to mathematical or physical problems especially in terms of a range of values each of which has a calculated probability of being the solution <Monte Carlo calculations>
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