Bivariate Normal Distribution / Multivariate Normal (Overview)

Number of simulation draws: suppose you are interested in inference for the parameter θ1 in a multivariate posterior distribution, p(θ|y). You draw 100 independent values θfrom the posterior distrihution of θand find that the posterior density for θ1 is approximately normal with mean of about 8 and standard deviation of about 4 . (a) Using the average of the 100 draws of θ1 to estimate the posterior mean, E(θ1 |y), what is the approximate standard deviation due to simulation variability? (b) Abo