First, consider deliberate thinking. Deliberate thinking is relatively slow, rule-based and explicit; a contemplative process of weighing pros and cons, gathering scientific or statistical evidence. It would appear that this makes for pretty solid decision-making.
Jul 24, 2015. Outliers increase the standard deviation. Mean is most affected by outliers, since all values in a sample are given the same weight when calculating mean. A value that is far removed from the mean is going to likely skew your results and increase the standard deviation. Say you have five values: 2, 1, 2, 1.5, and 2.1.
As an example of the use of the relative standard error, consider two surveys of household income that both result in a sample mean of $50,000. If one survey has a standard error of $10,000 and the other has a standard error of $5,000, then the relative standard errors are 20% and 10% respectively.f the population standard deviation is finite, the standard error of the sample will tend to zero with increasing sample size, because the estimate of the population mean will improve, while the standard deviation of the sample will tend to the population standard deviation as the sample size increases.