Why Is the Standard Error Important

question 15

Multiple Choice

Why is the standard error important?

• A)It gives you a measure of how well your sample parameter represents the population value.
• B)It is unaffected by outliers.
• C)It is unaffected by the distribution of scores.
• D)It tells us the precise value of the variance within the population.

---

Definitions:

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that establishes a uniform international sales law.

Contracts for the Sale of Goods

Legal agreements pertaining to the transfer of ownership of tangible personal property from a seller to a buyer for payment.

Forum Non Conveniens

A doctrine allowing courts to dismiss a case when another court, or forum, is significantly more appropriate to hear the case.

Exercise Jurisdiction

The act of applying or enforcing legal authority over a particular area, group, or issue.