### Problem 6.3.11#### Context:The assets (in billions of dollars) of the four wealthiest people in a particular country are 33, 32, 23, and 15. Assume that samples of size n = 2 are randomly selected with replacement from this population of four values. #### Objective: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.#### Table:| $\bar{x}$ | Probability | $\bar{x}$ | Probability ||-------------|--------------|-------------|--------------|| 33 | ☐ | 24 | ☐ || 32.5 | ☐ | 23.5 | ☐ || 32 | ☐ | 23 | ☐ || 28 | ☐ | 19 | ☐ || 27.5 | ☐ | 15 | ☐ |(Type integers or fractions.)#### Instructions:Enter your answer in the edit fields and then click Check Answer.---- Remaining parts: **2 parts remaining** ##### Buttons:- Previous/Next- Clear All- Check Answer---#### Additional Notes:This is part of an interactive exercise meant to teach the concept of sampling distributions. Students are expected to calculate the sample means and their probabilities accurately to complete the table provided.

Answered: Image /qna-images/answer/101b8b96-9ebe-4921-9ce1-ab011b857879.jpg

The assets (in billions of dollars) of the four wealthiest people in a particular country are 33, 32, 23, 15. 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 33 24 32.5 23.5 32 23 28 19 27.5 15 (Type integers or fractions.) Enter your answer in the edit fields and then click Check Answer.

The assets (in billions of dollars) of the four wealthiest people in a particular country are 33, 32, 23, 15. 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 33 24 32.5 23.5 32 23 28 19 27.5 15 (Type integers or fractions.) Enter your answer in the edit fields and then click Check Answer.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

### Problem 6.3.11

#### Context:
The assets (in billions of dollars) of the four wealthiest people in a particular country are 33, 32, 23, and 15. Assume that samples of size n = 2 are randomly selected with replacement from this population of four values.

#### Objective:
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.

#### Table:

| $\bar{x}$ | Probability | $\bar{x}$ | Probability |
|-------------|--------------|-------------|--------------|
| 33 | ☐ | 24 | ☐ |
| 32.5 | ☐ | 23.5 | ☐ |
| 32 | ☐ | 23 | ☐ |
| 28 | ☐ | 19 | ☐ |
| 27.5 | ☐ | 15 | ☐ |

(Type integers or fractions.)

#### Instructions:
Enter your answer in the edit fields and then click Check Answer.

---

- Remaining parts: **2 parts remaining**

##### Buttons:
- Previous/Next
- Clear All
- Check Answer

---

#### Additional Notes:
This is part of an interactive exercise meant to teach the concept of sampling distributions. Students are expected to calculate the sample means and their probabilities accurately to complete the table provided.

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