he assets​ (in billions of​ dollars) of the four wealthiest people in a particular country are 35, 28, 24, 19. 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 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.   x Probability   x Probability 35 nothing   26 nothing 31.5 nothing   24 nothing 29.5 nothing   23.5 nothing 28 nothing   21.5 nothing 27 nothing   19 nothing

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.