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.

MATLAB: An Introduction with Applications
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The assets (in billions of dollars) of the four wealthiest people in a particular country are 35, 31, 20, 17. 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
X
35
33
31
27.5
26
(Type integers or fractions.)
X
25.5
24
20
18.5
17
Probability
Transcribed Image Text:The assets (in billions of dollars) of the four wealthiest people in a particular country are 35, 31, 20, 17. 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 X 35 33 31 27.5 26 (Type integers or fractions.) X 25.5 24 20 18.5 17 Probability
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