Question
The assets(in billions ofdollars) of the four wealthiest people in a particular country are 38,28,17,14. Assume that samples of size n=2 are randomly selected with
The assets(in billions ofdollars) of the four wealthiest people in a particular country are 38,28,17,14. 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 eachsample, construct a table representing the sampling distribution of the sample mean. In thetable, values of the sample mean that are the same have been combined. x Probability x Probability38 nothing 22.5 nothing33 nothing 21 nothing28 nothing 17 nothing27.5 nothing 15.5 nothing26 nothing 14 nothing(Type integers orfractions.)
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