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Definition of Monte Carlo method
1. Noun. (mathematics statistics) Any of a class of techniques for estimating the solution of a numerical mathematical problem by means of a random artificial sampling experiment that simulates the problem. ¹
¹ Source: wiktionary.com
Medical Definition of Monte Carlo method
1. 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. (12 Dec 1998)