The Standard Error of Sample Mean $x$ Is Large When the Observations in the Population Are Spread

question 46

True/False

The standard error of sample mean $x$
is large when the observations in the population are spread out (large $\sigma$
),but that the standard error can be reduced by taking a smaller sample.

---

Definitions:

Organizational Crisis

A critical event or point of decision that poses a significant threat to a business or institution and requires immediate action to prevent or mitigate damage.

Negative Outcomes

Unfavorable results or consequences that arise from a particular action or decision, often contrary to the desired or expected effect.

Performance

The act of carrying out a task or function, commonly evaluated in terms of its efficiency, effectiveness, and quality.

Being Proactive

Taking initiative by acting in advance of a future situation, rather than just reacting, to achieve positive outcomes.