This is the most significant concept when it comes to inferential statistics. There are a lot of misconceptions and less intuitive explanations about this statistical concept because of many resources available on the internet and in every resource, it is explained differently. In this story let’s understand the clear intuition about the standard error from scratch
Before understanding these concepts let us recall the basic concepts of inferential statistics.
The data on which we want to draw insights. This is our target data, this is the whole data on which we want to perform any experiment.
It is just a…