The assets (in billions of dollars) of the four wealthiest people in a particular country are 43, 35, 22, 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 43 27 39 23 35 22 32.5 16.5 28.5 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 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 ulation means? Why or why not? The sample means the population mean. In general, sample means make good estimates of population means because the mean is Vestimator.

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.