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Standard error vs standard deviation — the difference.

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Answer

  • SD: spread of the data (√variance) — describes the population.
  • SE: spread of a statistic across hypothetical repeated samples — describes the estimator's precision.
  • Rule for the mean: SE(X)  =  SD\operatorname{SE}(X)\; = \;\mathrm{SD} / √n.
  • As n grows, SD stays roughly the same, SE shrinks — that's why bigger samples give tighter estimates without changing what the population looks like.
Check yourself — multiple choice
  • Same thing
  • SD: spread of data; SE: spread of the estimator across samples; SE(X)  =  SD\operatorname{SE}(X)\; = \;\mathrm{SD}/√n — bigger n shrinks SE but not SD
  • SE only for CIs
  • SD only for chi-square

SD: spread of data; SE: spread of estimator; SE(X)=SD\operatorname{SE}(X) = \mathrm{SD}/√n.

#estimation#confidence-interval

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