What usually happens to standard error when sample size is increased?
Decreases
What is standard error a measure of?
The precision of the point estimate (usually the mean of the sample measurements)
What does a confidence interval show us?
A range of values within which the true population mean is likely to lie.
What cases must be considered when specifying confidence intervals?
How can a confidence interval be interpreted?
If this study is repeated many times, 95% of the times this interval will include the true population mean
What data is used for samples greater or less than 200 observations?
- Less= t-table