For a numerical variable, say income, which of the following statistics has the smallest value?
A) standard deviation of a sample for a sample size of 100
B) standard deviation of a sample for a sample size of 500
C) standard error of the sampling distribution for samples of size 100
D) standard error of the sampling distribution for samples of size 300

Question

Quizplus · Accepted Answer

The standard error decreases as the sample size increases, so the standard error for a sample size of 300 will be smaller than for a sample size of 100.

For a Numerical Variable, Say Income, Which of the Following