Glossary Statistics / Term
The Standard Error of a random variable is a measure of how far it is likely to be from its expected value; that is, its scatter in repeated experiments. The SE of a random variable X is defined to be
That is, the standard error is the square-root of the expected squared difference between the random variable and its expected value. The SE of a random variable is analogous to the SD of a list.
Permanent link Standard Error (SE) - Creation date 2021-08-07