If something is totally up to chance, is the result then not useless?

If something is totally up to chance, is the result then not useless?
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1 Answer

Answer :

No. There are mathematical models that rely upon chance to derive the solution The Monte Carlo method is used to solve all sorts of problems too complex to derive. It is used in finance to evaluate the robustness of your portfolio. It can be used to stress test a building structure or even figure out the area of a complex shape.
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