Definition: The Standard Deviation of Sample Mean Calculator computes the standard deviation of the sample mean (\( \sigma_{\bar{X}} \)), which measures the variability of the sample mean as an estimate of the population mean.
Purpose: This tool is used in statistics to assess the precision of sample mean estimates, aiding in sampling design and inference.
The calculator uses the following formula:
\( \sigma_{\bar{X}} = \frac{\sigma}{\sqrt{n}} \)
where \( \sigma \) is the population standard deviation and \( n \) is the sample size.
Steps:
The standard deviation of the sample mean is critical for:
Example: Calculate the standard deviation of the sample mean for a population standard deviation of 7.1 and a sample size of 100.
Q: What does the standard deviation of the sample mean indicate?
A: It measures the variability of the sample mean as an estimate of the population mean, with smaller values indicating higher precision.
Q: Why must the sample size be a positive integer?
A: Sample size represents the number of observations, which must be a positive whole number for meaningful statistical calculations.
Q: How can the standard deviation of the sample mean be reduced?
A: Increasing the sample size (\( n \)) reduces \( \sigma_{\bar{X}} \), as it divides the population standard deviation by a larger square root.