monte carlo

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Definitions from WordNet

Noun monte carlo has 1 sense

Monte Carlo - a town and popular resort in the principality of Monaco; world-famous for its gambling casino
--₁ is a kind of town
--₁ is a part of Monaco, Principality of Monaco

Definitions from the Web

Monte Carlo

Description:

Monte Carlo is a term used to refer to both a famous district in Monaco and a computational technique known as Monte Carlo simulation. Additionally, it is often associated with the Monte Carlo Casino.

Sense 1 - Location:

In the context of travel and tourism, Monte Carlo is a breathtaking district located in the Principality of Monaco. It is renowned for its luxurious casinos, high-end hotels, and the prestigious Formula One Monaco Grand Prix.

Example sentence: During our European vacation, we made sure to visit the iconic Monte Carlo and experience the glamour and excitement it offers.

Sense 2 - Computational Technique:

Monte Carlo simulation is a statistical technique used in various fields, such as finance, physics, and engineering, to model or approximate complex systems. It involves running multiple random experiments to get reliable estimates or predictions.

Example sentence: By utilizing Monte Carlo simulation, we were able to evaluate the financial risks associated with our investment portfolio.

Sense 3 - Monte Carlo Casino:

The Monte Carlo Casino is a world-famous gambling establishment located in Monte Carlo, Monaco. It attracts high rollers from around the globe and has become an emblem of luxury and excitement.

Example sentence: James Bond's adventures often involve the glamorous setting of the Monte Carlo Casino.