Business Finance
QNT 561 University of Phoenix Standard Error Discussion

Qnt 561

University of Phoenix

QNT

Question Description

I’m trying to study for my Business course and I need some help to understand this question.

Respond to the following in a minimum of 175 words:

The standard error of the estimate of the mean is represented by the equation: σ√n Discuss what this equation means, using your own words and explain why we use it. Consider how it relates to the fact that we are making assumptions about the population and not just the sample.

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Final Answer

Attached.

Running head: STANDARD ERROR

1

Standard Error

Name

Institutional Affiliation

STANDARD ERROR

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Standard Error
The standard error of the mean’s equation σM =σ/√N means the user is determining the
differences between numerous samples of data. There ar...

Nginah (14941)
Rice University

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