The assets (in billions of dollars) of the four wealthiest people in a particular country are 36, 35, 29, 16. 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 36 29 35.5 26 35 25.5 32.5 22.5 32 16 (Type integers or fractions.)
The assets (in billions of dollars) of the four wealthiest people in a particular country are 36, 35, 29, 16. 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 36 29 35.5 26 35 25.5 32.5 22.5 32 16 (Type integers or fractions.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Transcribed Image Text:The assets (in billions of dollars) of the four wealthiest people in a particular country are 36, 35, 29, 16. 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
36
29
35.5
26
35
25.5
32.5
22.5
32
16
(Type integers or fractions.)
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