Standard error vs standard deviation — the difference.
easyAnswer
- 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: / √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; /√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; /√n.
#estimation#confidence-interval
Practise Statistics Fundamentals
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