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 1. 46 27 16 38.5 24 8. 34.5 23 8 16 31.5 20 8 8 31 17 16 16 (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,
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 1. 46 27 16 38.5 24 8. 34.5 23 8 16 31.5 20 8 8 31 17 16 16 (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,
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:The assets (in billions of dollars) of the four wealthiest people in a particular country are 46, 31, 23, 17. Assume that samples of
size n=2 are randomly selected with replacement from this population of four values.
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a. After identifying the 16 different possible samples and finding the mean of each sample, construct a table representing the
02 sampling distribution of the sample mean. In the table, values of the sample mean that are the same have been combined.
Probability
Probability
1.
1.
46
27
16
8.
Ba
Ste
38.5
24
8.
8.
1.
34.5
23
16
Ba
Ste
31.5
20
8
8.
31
17
16
16
(Type integers or fractions)
CO
b. Compare the mean of the population to the mean of the sampling distribution of the sample mean.
Car
The mean of the population, is
v the mean of the sample means,
(Round to two decimal places as needed.)
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