The assets (in billions of dollars) of the four wealthiest people in a particular country are 47, 33, 29, 16. Assume that samples of size n= 2 are randomly selected with replacement from this...


The assets (in billions of dollars) of the four wealthiest people in a particular country are 47, 33, 29, 16. Assume that samples of size n= 2 are randomly selected with<br>replacement from this population of four values.<br>a. After identifying the 16 different possible samples and finding the mean of each sample, construct a table representing the sampling distribution of the sample mean. In<br>the table, values of the sample mean that are the same have been combined.<br>Probability<br>Probability<br>47<br>31<br>40<br>29<br>38<br>24.5<br>ents<br>33<br>22.5<br>cess<br>31.5<br>16<br>(Type integers or fractions.)<br>

Extracted text: The assets (in billions of dollars) of the four wealthiest people in a particular country are 47, 33, 29, 16. Assume that samples of size n= 2 are randomly selected with replacement from this population of four values. a. After identifying the 16 different possible samples and finding the mean of each sample, construct a table representing the sampling distribution of the sample mean. In the table, values of the sample mean that are the same have been combined. Probability Probability 47 31 40 29 38 24.5 ents 33 22.5 cess 31.5 16 (Type integers or fractions.)

Jun 08, 2022
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