Question

The standard error can be used to gauge the precision of a statistical estimate or to permit

a judgement being made of the divergence between expected and observed values. Discuss the

clearly the concept of standard error of an estimate and its various uses in practice.​

Answer 1

Answer:

The uncertainty estimate associated with a measurement should account for both the accuracy and precision of the ... analysis and can be reduced by averaging over a large number of observations (see standard error).