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6-4
The standard error of a mean, sm, is the standard deviation of a set of data divided
by the square root of the number of data points in the set. Because as the sample
size grows, the variance (square of the standard deviation) of the mean
decreases. I.e., when the sample size rises, the variance of the mean among a
number of samples decreases because larger samples tend to more nearly
resemble the true population mean.
2. Supply formula/equation of the following terms
(a) mean
(b) median – is the middle value in a set of data that has been arranged in order
of size, see the example below of how median is calculated:
(c) spread- The spread, or range is another term that is sometimes used to
describe the precision of a set of replicate results. It is the difference between
the largest value in the set and the smallest.
(d) absolute error- E=xi-xt
(e) relative error-
(i) variance-