The assets (in billions of dollars) of the four wealthiest people in a particular country are 47, 27, 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 X 47 37 34.5 29 27 (Type integers or fractions.) X 24.5 22 19 16.5 11

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 11PPS
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The assets (in billions of dollars) of the four wealthiest people in a particular country are 47, 27, 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
X
47
37
34.5
29
27
(Type integers or fractions.)
...
X
24.5
22
19
16.5
11
Transcribed Image Text:The assets (in billions of dollars) of the four wealthiest people in a particular country are 47, 27, 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 X 47 37 34.5 29 27 (Type integers or fractions.) ... X 24.5 22 19 16.5 11
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