Standard Error

What is a standard error?

The standard error can be defined as an approximate standard deviation of the sample population. It is a statistical term that is used to measure the accuracy of the sample in presenting the whole population by employing standard deviation.

When a deviation is observed between the actual mean and the sample mean, it is termed as the standard error of the mean.

 

Highlights

• The standard error can be defined as an approximate standard deviation of the sample population.
• The standard error is a statistical term used to measure the accuracy of the sample in presenting the whole population by employing standard deviation.
• When a deviation is observed between the actual mean and the sample mean, it is termed as the standard error of the mean.

Frequently Asked Questions (FAQs)

What are the applications of standard error?