QUANTS sampling

danish.hassan7
Good Student
Posts: 10
Joined: Sat Apr 22, 2017 11:51 am

QUANTS sampling

Postby danish.hassan7 » Mon Jun 12, 2017 9:28 am

Q. Sample size is 35, population S.D is 3%, sample S.D is 2.5%. SEM is 0.5071.


DOUBT: Now does it mean that the SEM is the approx error of population S.D and sample S.D????

If yes then I am confused that SEM is the S.D of means of samples. How??

edupristine
Finance Junkie
Posts: 822
Joined: Wed Apr 09, 2014 6:28 am

Re: QUANTS sampling

Postby edupristine » Tue Jul 18, 2017 9:10 pm

SEM is 0.4226 which is arrived by dividing standard deviation of the sample by sqrt(number of samples). Definition of SEM as stated by yourself is correct.


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