Standard Error Formula:
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The Standard Error (SE) is a measure of the statistical accuracy of an estimate. It represents the standard deviation of the sampling distribution of a statistic, most commonly the mean.
The calculator uses the Standard Error formula:
Where:
Explanation: The standard error decreases as sample size increases, reflecting more precise estimates with larger samples.
Details: Standard error is crucial for constructing confidence intervals and conducting hypothesis tests. It helps quantify the uncertainty in sample estimates.
Tips: Enter the sample standard deviation and sample size. Both values must be positive numbers (sample size must be at least 1).
Q1: What's the difference between standard deviation and standard error?
A: Standard deviation measures variability in data, while standard error measures the precision of sample statistics.
Q2: How does sample size affect standard error?
A: Standard error decreases with larger sample sizes (inverse square root relationship).
Q3: When should I use standard error?
A: When you want to assess the precision of sample estimates or construct confidence intervals.
Q4: Can standard error be zero?
A: Only if there's no variability in the population (standard deviation = 0) or sample size is infinite.
Q5: How is standard error related to confidence intervals?
A: 95% CI = mean ± 1.96 × SE (for normal distributions with large samples).