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Standard error of the mean Definition
The standard error is a method used to estimate the approximate standard deviation of a sampling distribution.Sampling Distribution
The Sampling Distribution is the mean of the population from where the items are sampled. If the population distribution is normal, then the sampling distribution of the mean is likely to be normal for the samples of all sizes.
Suppose there are 1000 girls in a school and we are supposed to find the average height of these girls.
If we take random a set of 20 girls from the population measure their heights and find its mean as x̅1. Then we take another random set of 20 girls from the population and measure their heights and find its mean as x̅2.
Similarly, if took 20 such sets randomly and finds their means as
x̅1 x̅2 x̅3 - - - - x̅20
Standard error of the mean formula
Where: σ = standard deviation of the original distribution
N =Sample Size
σm= Standard Error.
Why we need Standard error of the mean?
Standard error plays a very important role in the large sample theory. It forms the basis for the testing of a hypothesis.
The statistical inference involved in the creation of confidence interval is mainly on the basis of standard error.
The magnitude of standard error indicates an index of the precision of the estimate of the parameter. Standard Error is inversely proportional to the sample size, i.e. that a smaller sample size tends to produce greater standard errors.
How to Calculate the Standard error of the mean?
Standard error of the mean Example
Name
Jack
John
Jonny
Jaaz
Weight (in kg)
72
74
78
84
Now find the Deviation
Name
Jack
John
Jonny
Jazz
Weight (in kg)
72
74
78
84
Deviation
72-77 = -5
74-77 = -3
78-77 = 1
84-77 = 7
Now perform squares of all the Deviations
Name
Jack
John
Jonny
Jazz
Weight (in kg)
72
74
78
84
Deviation
72-77 = -5
74-77 = -3
78-77 = 1
84-77 = 7
Square of Deviation
25
9
1
49
Now find Standard Deviation by taking a mean of Square of Deviations:
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Where: σ = standard deviation of the original distribution
N =Sample Size
σm= Standard Error.
Now find the Deviation
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