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 42 29 37.5 26 33.5 25 33 22 30.5 19 (Type integers or fractions.) b. Compare the mean of the population to the mean of the sampling distribution of the sample mean. The mean of the population,. is (Round to two decimal places as needed.) the mean of the sample means,. c. Do the sample means target the value of the population mean? In general, do sample means make good estimates of population means? Why or why not?

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The assets (in billions of dollars) of the four wealthiest people in a particular country are 42, 33, 25, 19. 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
42
29
37.5
26
33.5
25
33
22
30.5
19
(Type integers or fractions.)
b. Compare the mean of the population to the mean of the sampling distribution of the sample mean.
The mean of the population,, is
(Round to two decimal places as needed.)
the mean of the sample means,
c. Do the sample means target the value of the population mean? In general, do sample means make good estimates of population
means? Why or why not?
The sample means
V the population mean. In general, sample means
V make good estimates of population means
because the mean is
V estimator.
Enter your answer in each of the answer boxes.
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Transcribed Image Text:Question Help v The assets (in billions of dollars) of the four wealthiest people in a particular country are 42, 33, 25, 19. 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 42 29 37.5 26 33.5 25 33 22 30.5 19 (Type integers or fractions.) b. Compare the mean of the population to the mean of the sampling distribution of the sample mean. The mean of the population,, is (Round to two decimal places as needed.) the mean of the sample means, c. Do the sample means target the value of the population mean? In general, do sample means make good estimates of population means? Why or why not? The sample means V the population mean. In general, sample means V make good estimates of population means because the mean is V estimator. Enter your answer in each of the answer boxes. 10:09 PM 3/7/2021 PrtScn F8 Home F9 End F10 PgDn F12 Del PgUp 11 Ins & Backspace
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