Question

core: 0 of 1 pt 4 of 6 (5 complete) HW Score: 80.06%, 4.8 of 6 pts Question Help The assets (in billions of dollars) of the four wealthiest people in a particular country are 37, 32, 23, 16. 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 37 34.5 32 30 27.5 26.5 24 23 19.5 16 (Type integers or fractions.)

Answer 1

The probability distribution for sample means will be:

$\overline{x}$	Probability	$\overline{x}$	Probability
37	1/16	26.5	1/8
34.5	1/8	24	1/8
32	1/16	23	1/16
30	1/8	19.5	1/8
27.5	1/8	16	1/16