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Standard error

As explained in Effective Data Analysis

Standard error is an estimate of the sampling variability of a statistic, such as the distance between a sample mean and the corresponding population mean.

Standard error estimates sampling variability by indicating how close a sample mean is likely to be to the corresponding population mean. section 4.1.1 section 4.1.2

Use it alongside other summary statistics rather than as a complete description of a dataset. Standard deviation describes variation among records; standard error addresses the sample mean’s relationship to the population mean. section 4.1.1 section 4.1.2

Apply standard error with these checks:

  • Check the distribution’s assumptions before reporting the value or using inferential statistical tests. section 4.1.1 section 4.1.2
  • Explain error bars explicitly: unspecified bars can misrepresent the data and confuse stakeholders about whether they show standard error or another quantity. section 4.1.1
  • Interpret the measure with the distribution’s shape and other statistics, since every summary statistic emphasizes some properties while masking others. section 4.1.2
Figure 4.3 The shape of a distribution can vary widely, and different summary statistics will give you clues about those shapes.
figure

Compare distribution shapes before interpreting standard error or other summary statistics; similar centers can conceal substantially different underlying data. section 4.1.1

How Effective Data Analysis covers it

How deep it goes
Defines standard error and distinguishes it from standard deviation, but defers detailed calculation and inferential interpretation.
Examples
Uses a derivation from variance and error-bar visualizations to illustrate calculation and stakeholder-communication risks.
What it assumes
Assumes familiarity with summary statistics and requires checking distribution shape, centrality, symmetry, and normality assumptions.
What you can do after
Evaluate how representative a sample mean may be of its population mean and communicate uncertainty cautiously.
How it connects
Connects standard error to sample mean, population mean, standard deviation, variance, distributions, and inferential statistical tests.

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This explainer was generated by Manning's knowledge graph from the text of Effective Data Analysis. The section links point to the parts of the book it draws on.