Merriam-Webster Collegiate Dictionary - monte carlo

 I. adjective  Etymology: ~, 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 ~ calculations  II. geographical name commune Monaco population 14,702