The assets (in billions of dollars) of the four wealthiest people in a particular country are 31, 28, 27, 18. Assume that samples of size n = 2 are randomly selected with replacement from thispopulation 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 thesample mean that are the same have been combined.Probability2724.5ITT2322.518x3129.5292827.5(Type integers or fractions.)Probability

Here given population : {31, 28 ,27 , 18 } sample are selected with replacement , so total possible…

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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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.