The assets (in billions of dollars) of the four wealthiest people in a particular country are 42, 29, 14, 11. 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 21.5 35.5 20 29 14 28 12.5 26.5 11 (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 (1) the mean of the sample means, (Round to two decimal places as needed.) 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 (2) the population mean. In general, sample means (3) make good estimates of population means because the mean is (4) estimator. (1) O less than (2) O target (3) O do not (4) O an unbiased

The assets (in billions of dollars) of the four wealthiest people in a particular country are 42, 29, 14, 11. 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 21.5 35.5 20 29 14 28 12.5 26.5 11 (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 (1) the mean of the sample means, (Round to two decimal places as needed.) 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 (2) the population mean. In general, sample means (3) make good estimates of population means because the mean is (4) estimator. (1) O less than (2) O target (3) O do not (4) O an unbiased

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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