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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

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36

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23

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35

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21.5

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32.5

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20.5

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25

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18

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