Apply both the crude Monte Carlo and importance sampling approaches to Example 1 with both x1 and x2 decision variables. First, use 100 samples for each cut for 100 iterations and then compare to...

Apply both the crude Monte Carlo and importance sampling approaches to Example 1 with both x1 and x2 decision variables. First, use 100 samples for each cut for 100 iterations and then compare to results with an increase to 500 samples per cut.