The assets​ (in billions of​ dollars) of the four wealthiestpeople in a particular country are 37, 35, 31, 18. Assume thatsamples of size n=2 are randomly selected with replacement fromthis population of four values. a. After identifying the 16different possible samples and finding the mean of each​ sample,construct a table representing the sampling distribution of thesample mean. In the​ table, values of the sample mean that are thesame have been combined.
_
x probability
37
36
35
34
33
31
27.5
26.5
24.5
18
b. Compare the mean of the population to the mean of thesampling distribution of the sample mean.
Mean of population is? Sample mean is?
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 target/do not target the population mean. In​general, sample means do/do not make good estimates of populationmeans because the mean is an unbiased/ a biased estimator.
