Clarifying Statistical Usability
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Step 4 of 9: Standard Error
Hang in there statistics-neophytes! Just a few more voodoo steps.
Standard Error is also a measure of spread. It has to do with the variance you would get if you ran the same study over different samples.
Again, the concept is a little obscure but the calculation is simple:
| Calculated Data | Symbol | Formula | Value |
|---|---|---|---|
| Standard Error | SEx | s/SQRT(n) | 0.3/SQRT(10) = 0.095 |