RESEARCH METHODOLOGY

Detailed explanation-1: -The term “standard error” is used to refer to the standard deviation of various sample statistics, such as the mean or median. For example, the “standard error of the mean” refers to the standard deviation of the distribution of sample means taken from a population.

Detailed explanation-2: -Standard deviation describes variability within a single sample, while standard error describes variability across multiple samples of a population. Standard deviation is a descriptive statistic that can be calculated from sample data, while standard error is an inferential statistic that can only be estimated.