Satyaki Aparajit Mishra presented on the topic of standard error and predictability limits. Standard error is used to estimate the standard deviation from a sample. It is calculated by dividing the standard deviation by the square root of the sample size. A larger standard error means the sample mean is less reliable at estimating the population mean. Standard error helps determine how far sample estimates may be from the true population values. Mishra discussed estimating standard error from a single sample and how standard error is used to test hypotheses. He provided an example of testing if a coin flip was unbiased using the standard error of the proportion of heads observed.
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