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Is Sometimes Called the Standard Error of the Mean Because

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  is sometimes called the standard error of the mean because each sample can be considered an estimate of the mean of the raw score population and variability between sample means occur due to errors in estimation. is sometimes called the standard error of the mean because each sample can be considered an estimate of the mean of the raw score population and variability between sample means occur due to errors in estimation.

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Definitions:

Nominal Rate

Nominal Rate is the interest rate before adjustments for inflation, reflecting the actual monetary cost of borrowing.

Opportunity Cost

Missing out on possible advantages from other choices when a specific choice is made.

Benefit

is an advantage or profit gained from something, or a payment or gift made by an employer, the state, or an insurance company.

Present Value

The existing worth of a forthcoming monetary sum or cash flows, assessed with an agreed-upon rate of return.

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