The assets (in billions of dollars) of the four wealthiest people in a particular country are 38, 27, 26, 17. Assume that samples of sizen=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 38 26.5 32.5 26 32 22 27.5 21.5 27 17 (Type integers or fractions.)

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The assets​ (in billions of​ dollars) of the four wealthiest people in a particular country are 38, 27, 26, 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.
The assets (in billions of dollars) of the four wealthiest people in a particular country are 38, 27, 26, 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.
T IT
Probability
Probability
38
26.5
32.5
26
32
22
27.5
21.5
27
17
(Type integers or fractions.)
Transcribed Image Text:The assets (in billions of dollars) of the four wealthiest people in a particular country are 38, 27, 26, 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. T IT Probability Probability 38 26.5 32.5 26 32 22 27.5 21.5 27 17 (Type integers or fractions.)
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