Which of the following statements is correct?
A) As the variation in the population decreases, the standard error decreases.
B) Researchers prefer to have a small standard error.
C) Both "a" and "b" are correct.
D) None of the above is correct.

Question

Quizplus · Accepted Answer

Option A is correct as the standard error depends on the variation in the population. As the variation in the population decreases, the standard error also decreases. 
Option B is correct as a small standard error indicates that the estimates are more precise and reliable. 
Hence, both statements A and B are correct.

Which of the Following Statements Is Correct