standard error

Estimate's typical deviation

Standard error is a statistical measure of how much a sample statistic (like a mean) is likely to vary from the true population value.

A smaller standard error indicates the sample estimate is more precise.

Often abbreviated SE or SEM (standard error of the mean).

The standard error decreased as sample size increased.

statistic

confidence interval

Estimated bounds for population parameter

t-test · p-value · variance · normal distribution · sample size · degrees of freedom · hypothesis testing · z-score · chi-square · coefficient

variability

deviation

Departure from expected path

variance · uncertainty · randomness · volatility · divergence · irregularity · heterogeneity · variation · skewness · scatter

precision

accuracy

Degree of correctness

rigor · specificity · correctness · refinement · calibration · validity · reproducibility · precision · tolerance · confidence level

Categories
Opposites
statistical precision vs. actual values

standard erroractual value

True monetary amount

parameter

uncertainty vs. certainty

standard errorcertainty

Total absence of doubt

precision

Family

error, standard, standards, substandard, standardize, standardized, standardization, nonstandard, standardizing

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