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

Introduction , what states and marketing tasks?

what states and marketing tasks?

Compute the break-even quantities, The revenue and cost functions for produ...

The revenue and cost functions for producing and selling quantity x for a certain production facility are given below. R(x) = 16x - x 2 C(x) = 20 + 4x a)  Determine the p

Extreme value theorem, Extreme Value Theorem : Assume that f ( x ) is cont...

Extreme Value Theorem : Assume that f ( x ) is continuous on the interval [a,b] then there are two numbers a ≤ c, d ≤ b so that f (c ) is an absolute maximum for the function and

Example of learning constructing tables versus rote , Maya says thafl for i...

Maya says thafl for instance, to help the children of Class 2 construct the '5 times table', she uses their hands. Each child counts how many fingers on one hand, and then how ma

Matrices, how to find inverse of matrix

how to find inverse of matrix

Find the derivatives, Find the derivatives of the following functions a)...

Find the derivatives of the following functions a)      y = 5x 4 +3x -1-x 3 b)      y = (x+1) -1/2 c)      y= e x2+1 d)     y= e 3x lnx e)     y =ln(x+1/x)y

Sketch a graph of the microphone signal, Figure shows noise results for a p...

Figure shows noise results for a prototype van measured on a rolling road. The vehicle had a four-cylinder-in-line engine. The engine speed was varied in 3rd gear from just above

Calculus, I need help with my calculus

I need help with my calculus

Mathematical science, state tha different types of models used in operation...

state tha different types of models used in operations research.

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