Let us explore using simulation some of the concepts of basic asymptotic theory as presented in Wooldridge 2012, Chapter 3.Definition: A sequence of nonrandom numbers {a_N:N=1,2,...} converges to a if for all epsilon>0 there exists N_epsilon such that N>N_epsilon, then $$|a_N - a|<epsilon$$Paraphrase: A sequence converges on point a, if you can choose any positive number (any epsilon...