For large sample size (n), verify that there is a (50-50) chance that the mean of a
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For large sample size \(n\), verify that there is a \(50-50\) chance that the mean of a random sample from an infinite population with the standard deviation \(\sigma\) will differ from \(\mu\) by less than \(0.6745 \cdot \sigma / \sqrt{n}\). It has been the custom to refer to this quantity as the probable error of the mean.
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Probability And Statistics For Engineers
ISBN: 9780134435688
9th Global Edition
Authors: Richard Johnson, Irwin Miller, John Freund
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