|Noun||1.||Monte Carlo - a town and popular resort in the principality of Monaco; world-famous for its gambling casino|
|Monte Carlo - (After Monte Carlo, Monaco - a notorious gambling mecca) Any
one of various methods involving statistical techniques, such
as the use of random samples, to finding the solutions to
mathematical or physical problems.|
For example, to calculate pi, generate random points in the square (x, y) = ([0-1], [0-1]) and find the proportion for which x^2 + y^2 < 1, i.e. which lie within a quadant of a circle with radius 1. Since the area of the square is 1 and the area of the quadrant is pi/4, the proportion in the quadrant should be pi/4.