Standard error of mean
Used as an indication of the reliability of x-bar as an estimate of the mean of the population. Smaller numbers mean the estimate of the population average has less variability. To calculate, use the standard error formula below.
where N is the total number of observations, and σx is the Population Sigma .
Learn more about the Statistical Inference tools
for understanding statistics in Six Sigma
Demystified (2011, McGraw-Hill) by Paul Keller,
in his online Intro. to Statistics short course (only $89)
or his
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