The formula to calculate the Sampling Error (E) is:
\[ E = Z \times \frac{STD}{\sqrt{N}} \]
Where:
A sampling error is defined as the inherent error in the selection of a sample of data from a greater population of data. It represents the difference between the sample statistic and the actual population parameter.
Consider an example where:
Using the formula to calculate the Sampling Error:
\[ E = 1.96 \times \frac{10}{\sqrt{100}} = 1.96 \times 1 = 1.96 \]
This means that the sampling error for this example is 1.96.