Question
The assets (in billions of dollars) of the four wealthiest people in a particular country are 47,25,23,18. Assume that samples of size n=2 are randomly
The assets (in billions of dollars) of the four wealthiest people in a particular country are
47,25,23,18.
Assume that samples of size
n=2
are randomly selected with replacement from this population of four values.
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.
x | Probability | x | Probability | |
---|---|---|---|---|
47 | enter your response here | 24 | enter your response here | |
36 | enter your response here | 23 | enter your response here | |
35 | enter your response here | 21.5 | enter your response here | |
32.5 | enter your response here | 20.5 | enter your response here | |
25 | enter your response here | 18 | enter your response here |
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