The standard error gives an indication of the accuracy of the estimated mean.

Name: The standard error gives an indication of the accuracy of the estimated mean.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

The standard error measures the variation of the sample mean from the true population mean, providing an estimate of how reliable the sample mean is as a representation of the population mean. Therefore, it can be used as an indication of the accuracy of the estimated mean.

The Standard Error Gives an Indication of the Accuracy of the Estimated