The assets (in billions of dollars) of the four wealthiest people in a particular country are 43, 34, 16, 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. x 43 Probability 38.5 34 29.5 27 (Type integers or fractions.) x 25 22.5 16 13.5 11 Probability

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The assets (in billions of dollars) of the four wealthiest people in a particular country are 43, 34, 16, 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.
X
43
38.5
34
Probability
29.5
27
(Type integers or fractions.)
X
25
22.5
16
13.5
11
(…..)
Probability
Transcribed Image Text:The assets (in billions of dollars) of the four wealthiest people in a particular country are 43, 34, 16, 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. X 43 38.5 34 Probability 29.5 27 (Type integers or fractions.) X 25 22.5 16 13.5 11 (…..) Probability
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