Sample mean = 40, SD = 8, n = 16. Standard error = ?
A.
2
B.
8
C.
0.5
D.
4
The Answer Is:
A
This question includes an explanation.
Explanation:
The standard error of the sample mean is calculated as SE = s/√n, where s is the sample standard deviation and n is the sample size. Here, the standard deviation is 8 and the sample size is 16. The square root of 16 is 4, so SE = 8/4 = 2. The sample mean of 40 is not used directly in the standard error formula; it identifies the center of the sample, not the variability of the sample mean across repeated samples. Option B, 8, is the standard deviation, not the standard error. Option D, 4, is the square root of the sample size. Option C, 0.5, would result from an incorrect calculation. Standard error decreases as sample size increases because larger samples provide more precise estimates. Study Guide references/topics: standard error, standard deviation, sample size, sampling distribution.
============
Applied-Probability-and-Statistics PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 65% Discount on All Products,
Use Coupon: "ac4s65"