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It is using a computer (or some other automated process) to calculate the outcomes of a large number of repeated trials of an experiment - rather than doing the experiment a large number of times.
For example, instead of tossing a coin a million times - which would take a long time - I could get my computer to generate a million random digits. Then if the digit is even I call it Heads and if odd I call it Tails. Task accomplished in seconds!
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