The assets (in billions of dollars) of the four wealthiest people in a particular country are 45, 34, 18, 14. Assume that samples of size n=2 are randomly selected with replacement from this population of four values. combined. Probability X 45 39.5 34 31.5 29.5 (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 sample means, The mean of the population, is (Round to two decimal places as needed.) Probability 26 24 18 16 14 The sample means population means because the mean is 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 population mean. In general, sample means estimator. make good estimates of
The assets (in billions of dollars) of the four wealthiest people in a particular country are 45, 34, 18, 14. Assume that samples of size n=2 are randomly selected with replacement from this population of four values. combined. Probability X 45 39.5 34 31.5 29.5 (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 sample means, The mean of the population, is (Round to two decimal places as needed.) Probability 26 24 18 16 14 The sample means population means because the mean is 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 population mean. In general, sample means estimator. make good estimates of
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:The assets (in billions of dollars) of the four wealthiest people in a particular country are 45, 34, 18, 14. Assume that
samples of size n=2 are randomly selected with replacement from this population of four values.
combined.
Probability
X
45
39.5
34
31.5
29.5
(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 sample means,
The mean of the population, is
(Round to two decimal places as needed.)
Probability
26
24
18
16
14
The sample means
population means because the mean is
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 population mean. In general, sample means
estimator.
make good estimates of
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