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Simple Error Bar

4 messages · mohan.radhakrishnan at polarisft.com, Jim Lemon, Rolf Turner

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On 12/06/2013 04:16 PM, mohan.radhakrishnan at polarisft.com wrote:
Hi Mohan,
As your samples seem to follow a discrete uniform distribution, the 
standard deviation is approximately the number of integers in the range 
(56) divided by the number of observations (10).

Jim
#
Uh, no.  You are forgetting to take the square root of 10, and to divide 
by the square root of 12.

The variance of Y is (exactly) (56^2 - 1)/12, so the variance of Y-bar 
is this quantity over 10,
so the standard deviation of Y-bar is sqrt((56^2 - 1)/12)/sqrt(10).  
Which is approximately
(ignoring the -1) 56/sqrt(12) * 1/sqrt(10).

     cheers,

     Rolf
On 12/06/13 20:26, Jim Lemon wrote: