Question
The assets (in billions of dollars) of the four wealthiest people in a particular country are...
The assets (in billions of dollars) of the four wealthiest people in a particular country are 46 comma 28 comma 23 comma 16. Assume that samples of size n=2 are randomly selected with replacement from this population of four values. 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.
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Answer #1
Calculating mean from the all possible samples, and creating a sampling distribution table based on that values.
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