Example 1: The population from which samples are selected is {1,2,3,4,5,6}. This population has a mean of 3.5 and a standard deviation of 1.70783. The next display shows a histogram of the population.

Reviewed by Eric Estevez Key Takeaways Standard error measures the accuracy of a sample mean by showing how much it deviates ...

We have previously discussed the importance of estimating uncertainty in our measurements and incorporating it into data analysis 1. To know the extent to which we can generalize our observations, we ...

When particles in a sample are the same size, one particle can be measured to report the result. If the sample has a narrow distribution, such as 10-25 µm, then measurement of just a few particles can ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...