The assets (in billions of dollars) of the four wealthiest people in a particular country are 28, 27, 17, 15. Assume tha

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The Assets In Billions Of Dollars Of The Four Wealthiest People In A Particular Country Are 28 27 17 15 Assume Tha 1 (436.82 KiB) Viewed 23 times

The assets (in billions of dollars) of the four wealthiest people in a particular country are 28, 27, 17, 15. 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 21.5 21 IT 17 16 15 (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, 28 27.5 27 22.5 22 Probability The mean of the population, , is (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? make good estimates of population means because the mean is The sample means the population mean. In general, sample means estimator.