The assets? (in billions of? dollars) of the four wealthiest people in a particu

Question

The assets? (in billions of? dollars) of the four wealthiest people in a particular country are 29, 26, 24, 18. 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.

Homework: W3. Assignment 2 Homework Soore: 0 of 6 pts es of 10 (3 complete) HW Score: 30%, Question b The assets (n tllins of dullas of the four wealthiest people in a particular country are 29 four wealthiest people in a particular country are 29, 26, 24 18 Assume that samples of size n 2 are sble sampleand fireling the mean of each, sanple 1 people in a particular country are 29 26 24, 18 Assume that samples of size n 2 are randomly selected with r that samples of size n 2 are randomly selected with replacement from this population of four values sume Afier aderanying the l6anmel have loon comtined possible samples and finding the mean of each sample,construct a table representing the sampling distribution of the construct a table representing the sampling distribution of the sample mean In the table, values of the sample mean that are th Probabilily Probability 24 23 5 275 2e s 2 25 21 18 ype integers or tractions ) Enter youl anser in the edt felds and then click Check An

Explanation / Answer

Lets make here possible number of samples with its sample mean.

b) Table for sample means with probabilities.

samples of size n=2 sample mean (29,29) 29 (29,26) 27.5 (29,24) 26.5 (29,18) 23.5 26,29 27.5 26,26 26 26,24 25 26,18 22 24,29 26.5 24,24 24 24,26 25 24,18 21 18,29 23.5 18,26 22 18,24 21 18,18 18

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