Return to Exercise 10 in Sec. 12.2. Now that we know how to simulate exponential random variables,
Question:
a. Perform v0 = 2000 simulations and compute both the estimate of θ and its simulation standard error.
b. Suppose that we want our estimator of θ to be within 0.01 of θ with probability 0.99. How many simulations should we perform?
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Related Book For
Probability And Statistics
ISBN: 9780321500465
4th Edition
Authors: Morris H. DeGroot, Mark J. Schervish
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