Question: Return to Exercise 10 in Sec. 12.2. Now that we know how to simulate exponential random variables, perform the simulation developed in that exercise as

Return to Exercise 10 in Sec. 12.2. Now that we know how to simulate exponential random variables, perform the simulation developed in that exercise as follows:
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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