Disclaimer: The inspiration for this article stemmed from Georgia Tech’s Online Masters in Analytics (OMSA)program study material. I am proud to pursue this excellent Online MS program. You can also check the details here.

What is Monte Carlo integration?

Monte Carlo, is in fact, the name of the world-famous casino located in the eponymous district of the city-state (also called a Principality) of Monaco, on the world-famous French Riviera.

It turns out that the casino inspired the minds of famous scientists to devise an intriguing mathematical technique for solving complex problems in statistics, numerical computing, system simulation.

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