Prepare a 3-5 page report (excluding the cover page, the reference page, and any tables and graphs), which compares and contrasts various sampling processes or models. You may use hypothetical or computer generated data for this exercise. Based on problem 5 and 6 on pages 291-292 of Albright and Winston, use your computer generated data to discuss the advantages and disadvantages of Monte Carlo sampling and Bootstra
Prepare a 3-5 page report (excluding the cover page, the reference page, and any tables and graphs), which compares and contrasts various sampling processes or models. You may use hypothetical or computer generated data for this exercise. Based on problem 5 and 6 on pages 291-292 of Albright and Winston, use your computer generated data […]