The assets (in billions of dollars) of the four wealthiest people in a particular country are 38, 27, 23, 15. Assume that samples of size n = 2are 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 samplingdistribution of the sample mean. In the table, values of the sample mean that are the same have been combined.ProbabilityProbabilityX3832.530.52726.5(Type integers or fractions.)X2523211915

Here given , The assets of four wealthiest people in particular country are 38 ,27 , 23, 15 . N =…

Answered: a. After identifying the 16 different…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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I. Direction: Construct the sampling distribution of the sample means and answer the questions that follow: 1. A jar contains numbers 0, 1, 2 and 3. Construct the sampling distribution of the sample means when two numbers are taken from the jar with replacement a. what is the probability that the mean of the numbers is 1.5 ? b. what is the probability that the mean of the numbers is less than 12 c. what is the probability that the mean of the numbers is greater than 0.52 d. what is the probability that the mean of the numbers is between 1.5 and 3. e. construct the histogram of the sampling distribution
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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.