If the mean P/E of 30 stocks in a certain industrial sector is 18 and the sample standard deviation is 3.5, standard error of the mean is CLOSEST to: | Financial Risk Manager Part 1 Quiz - LeetQuiz
Financial Risk Manager Part 1
Explanation:
Explanation:
The standard error of the mean is calculated as:
SE=ns
Where:
s = sample standard deviation = 3.5
n = sample size = 30
SE=303.5=5.4773.5≈0.64
Therefore, the standard error of the mean is closest to 0.64.
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If the mean P/E of 30 stocks in a certain industrial sector is 18 and the sample standard deviation is 3.5, standard error of the mean is CLOSEST to:
