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Variance Reduction

Posted By: rambiz
Date: Saturday, 19 July 2014, at 9:12 p.m.

In Response To: Variance Reduction (Bob Koca)

Surely you said to apply the normal approximation to the variance reduced numbers; which is fine and correct, I believe. But the problem is I still have no clue by how much this method decreases the number of trials needed to get an estimate at a desired precision compared to the conventional method which doesn't use variance reduction.

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