Standard errors of the mean, Mathematics

Assignment Help:

Standard errors of the mean

The series of sample means x¯1, x¯2, x¯3 ........ is normally distributed or nearly so as according to the central limit theorem. This can be described by its mean and its standard deviation. Its standard deviation is termed as the standard error.

Standard error of the mean is =  S = s/√n

Note: the above formula is satisfactory for larger samples and a large population that is n > 30 and n > 5 percent of N.

- The word 'error' is in place of 'deviation' to emphasize that variation with sample means is because of sampling errors.

- The smaller the standard error the greater the precision of the sample value.

 


Related Discussions:- Standard errors of the mean

20 MARK QUESTION, Let E; F be 2 points in the plane, EF has length 1, and l...

Let E; F be 2 points in the plane, EF has length 1, and let N be a continuous curve from E to F. A chord of N is a straight line joining 2 points on N. Prove if 0 Prove that N ha

How much sales tax did she pay if items was 6 percent, Lindsay purchased a ...

Lindsay purchased a pocketbook for $45 and a pair of shoes for $55. The sales tax on the items was 6%. How much sales tax did she pay? Find out the price of the two items toget

Logorithms, log base 5 (3-2x) + log base 5 (2+x) = 1

log base 5 (3-2x) + log base 5 (2+x) = 1

Explain how to distribute simplifying expressions, Explain How to Distribut...

Explain How to Distribute simplifying expressions? The distributive law states that for all numbers a, b, and c, a(b + c)= ab + ac What does this mean in plain language?

The mode -measures of central tendency, The mode - It is one of the me...

The mode - It is one of the measures of central tendency. The mode is defined as a value in a frequency distribution that has the highest frequency. Occasionally a single valu

Calculate the probability, Calculate the introduction to Probability? P...

Calculate the introduction to Probability? Probability refers to the chance that an event will happen. Probability is presented as the ratio of the number of ways an event can

Probability and statistics, f Y is a discrete random variable with expected...

f Y is a discrete random variable with expected value E[Y ] = µ and if X = a + bY , prove that Var (X) = b2Var (Y ) .

Evaluate the measure of the larger angle, Two angles are complementary. The...

Two angles are complementary. The calculate of one angle is four times the measure of the other. Evaluate the measure of the larger angle. a. 36° b. 72° c. 144° d. 18°

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd