Tag: sample size

This paper looks at some of the methods of estimating standard deviation (which I will usually refer to as ‘sigma’). Additionally, I propose a new formula for estimating sigma for small sample sizes and also present a means to mathematically evaluate these competing estimates of sigma. The question was posed to me: “I have five […]

What do Goldilocks and statistical analysis sample size have in common? A razor-sharp focus on “just right.” A sample size that is too big or too small leads to inaccurate data and wasted resources (although hopefully not three bears).