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Q: What does error E009002 mean?
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Difference between standard error and sampling error?

Standard error is random error, represented by a standard deviation. Sampling error is systematic error, represented by a bias in the mean.


What are the units of measurement for the standard error of mean?

The same units as the mean itself. If the units of the mean, are, for example miles; then the error units are miles.


Why do you use average percentage error and why is it better than mean error?

Percentage error shows how wrong an answer can be with respect to the value of the answer itself. So, we can see how serious the errors are. For example, lets say we have an answer whose mean error is 40. If nothing is given of the actual value of the answer, we cannot determine if this error is insignificant or very serious. If the actual answer was 40000, this mean error of 40 is quite insignificant as the percentage error is 40/40000 x 100 = 0.1 % 0.1 % error is quite insignificant. Mean error, on the other hand, does not help us to determine the significance of this error in any way.


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