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Average Annual Family Income, Standard Error, Coefficient of Variation by Province: 2009
I ‐ Ilocos
II ‐ Cayagan Valley
IVB ‐ MIMAROPA
V‐ Bicol
Table 1. Average Annual Family Income, Standard Error, Coefficient of Variation by Province: 2009
This report contains the computed SE for the average annual family income and
expenditure of the Family Income and Expenditure Survey (FIES) for the years 2006 and
2009.
The statistical package STATA was used in the computation using the final survey weight
and treating each enumeration area as the primary sampling unit.
A sampling error is usually measured in terms of the standard error for a particular
statistic. A standard error is a measure of dispersion of an estimate from the expected
value.
The SE can be used to calculate confidence intervals within which the true value for the
population can be estimated, while the CV is a measure of relative variability that is
commonly used to assess the precision of survey estimates.
The CV is defined as the ratio of the standard error and the estimate. An estimate with
CV value of less than 10 percent is considered precise.