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

Question

The assets (in billions of dollars) of the four wealthiest people in a particular country are 45, 35, 29, 14, Assume that samples of size n=2 are randomly selected with replacement from this population of four values 45 29.5 16 8 40 29 8 37 24.5 35 21.5 16 32 14 16 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, 30.75, is equal to the mean of the sample means, 30.75 (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 population means? Why or why not? The sample means I make good estimates of population means because the mean is the population mean. In general, sample means estimator

Explanation / Answer

Since in this case, the population mean and the mean of sample means are equal, the correct choices will be:

Do target; do make; unbiased

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