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Earn +20 ptsQ: How does one calculate the standard error of the sample mean?
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What affects the standard error of the mean?
The standard error of the underlying distribution, the method of selecting the sample from which the mean is derived, the size of the sample.
What happens to the standard error of the mean if the sample size is decreased?
The standard error increases.
Why is the sample standard deviation used to derive the standard error of the mean?
the sample mean is used to derive the significance level.
What does a high standard error mean?
It means theres a high amount of variation between the results used to calculate the mean value for a particular sample or experiment
What is the value of the standard error of the sample mean?
The sample standard deviation (s) divided by the square root of the number of observations in the sample (n).
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