This Question: 1 pt 8 of 20 (7 complete) This Quiz: 20 pts possible The assets (

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This Question: 1 pt 8 of 20 (7 complete) This Quiz: 20 pts possible The assets (in billions of dollars) of the four wealthiest people in a particular country are 39, 28, 21, 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 findi In the table, values of the sample mean that are the same have been combined. ing the mean of each sample, construct a table representing the sampling distribution of the sample mean. Probability Probability rk 39 33.5 30 28.5 28 24.5 23 21 19.5 18 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,,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? The sample means - , the mean of the sample means l the popu lation mean. In general, sample means | I make good estimates of population means because the mean is I estimator. Enter your answer in each of the answer boxes.

Explanation / Answer

The mean of population 26.5 is equal to the mean of the samples 26.5

The sample means targets the population mean. In general sample means do make good estimates of population mean

Mean 39 39 39 39 28 33.5 39 21 30 39 18 28.5 28 39 33.5 28 28 28 28 21 24.5 28 18 23 21 39 30 21 28 24.5 21 21 21 21 18 19.5 18 39 28.5 18 28 23 18 21 19.5 18 18 18

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