• Entry
  • Reader's guide
  • Entries A-Z
  • Subject index

The standard error of the mean is a number that represents the variability within a sampling distribution. In other words, it is how measurements collected from different samples are distributed around the mean of the total population from which the sample measurements could be taken. The mean of each sample of measurements, therefore, is an estimate of the population mean. Although the means from each sample provide an estimate of the mean of the entire population, measurements collected from numerous samples are quite unlikely to be equivalent. This raises the question of how well each sample mean represents the true population mean. That accuracy can be estimated by calculating the standard error of the mean, which provides an indication of how close the sample ...

Loading
  • Loading...
locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles