In your own words define standard error and indicate what ha

In your own words, define standard error and indicate what happens to standard error as the sample size increases.

Solution

The term \"standard error\" is used to refer to the standard deviation of various sample statistics such as the mean or median. For example, the \"standard error of the mean\" refers to the standard deviation of the distribution of sample means taken from a population.


The smaller the standard error, the more representative the sample will be of the overall population. The standard error is also inversely proportional to the sample size; the larger the sample size, the smaller the standard error because the statistic will approach the actual value.