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Eric holds a bachelor's degree in accounting and additional training in tax law. He is responsible for preparing tax returns and developing tax strategies for his employer, and has done so for the past seven years. Eric is a certified government accountant.
Standard Error
The standard deviation of the sampling distribution of a statistic, often used as a measure of variability.
Confidence Interval
An extent of values, based on sample statistics, that is likely to capture the essence of an undisclosed population parameter.
Sample
Subset or portion of a population.
Mean
The average value of a data set, obtained by dividing the sum of all the values by the number of values.
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