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Sampling Error
The difference between a sample statistic and the corresponding population parameter. For a sample mean, sampling error is calculated as M − μ. It occurs naturally because a sample usually does not perfectly represent the population.
Sampling Distribution
The distribution of statistics obtained from all possible random samples of a specific size selected from a population.
Distribution of Sample Means
The sampling distribution created by calculating the mean for every possible sample of a specific size from a population. It shows how sample means vary from sample to sample.
Central Limit Theorem (CLT)
The principle stating that the distribution of sample means becomes approximately normal as the sample size increases, even when the original population is not normally distributed. The mean of the sample means equals the population mean, and the standard error decreases as sample size increases.
Expected Value of M
The mean of the distribution of sample means. The expected value of the sample mean is equal to the population mean
Standard Error of M
The standard deviation of the distribution of sample means. It measures how much sample means typically vary from the population mean. The formula is σM = σ/√n.
Law of Large Numbers
The principle stating that as sample size increases, the sample mean tends to get closer to the population mean. Larger samples generally produce smaller sampling errors.