Answers:
Monte Carlo simulation is a problem-solving technique that is used to represent the probability of certain outcomes by running a number of trial runs (called simulations) and using random variables. This technique was introduced by John von Neumann, Stanislaw Ulam, and Nicholas Metropolis while they were working on the atomic bomb in the 1940s. These scientists named this technique after the city in Monaco, which is famous for its casinos and games of chance.