The Monte Carlo method finds approximate solutions through random sampling, that is, it approximates the probability of an outcome by running multiple trails. It is a statistical technique to find an approximate answer through sampling. Let's better understand Monte Carlo intuitively with an example.
Monte Carlo methods
Estimating the value of pi using Monte Carlo
Imagine a quadrant of a circle is placed inside a square, as shown next, and we generate some random points inside the square. You can see that some of the points fall inside the circle while others are outside the...