Question: For the situation described in Exercise 6, use stratified importance sampling as follows: Divide the interval (1, ) into five intervals that each have probability

For the situation described in Exercise 6, use stratified importance sampling as follows: Divide the interval (1, ∞) into five intervals that each have probability 0.2 under the importance distribution. Sample 200 observations from each interval. Compute the simulation standard error. Compare this simulation to the simulation in Exercise 6 for each of parts (a) and (b).

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