I'm aware that the standard error of mean is statistics. But what is the explanation that the standard error of mean $\sigma/\sqrt{n}$ is not considered being as brilliant an invention as
- Pythagoras' theorem
- $\pi$
- $e$
etc.?
Unquestionably, in maths the above and others like $e = mc^{2}$ etc. are considered ground-breaking concepts.
$$\sigma/\sqrt{N}$$
1) generally use little "n" in statistics for sample size, big "N" is reserved to denote a normal distribution
2) This is extremely subjective
3) As a statistician, I don't think standard error is that incredible. For highly skewed data it becomes useless (i.e. standard error for mean of incomes) while for skewed data something like a five number summary are better statistics to report.
4) I'd argue if anything from statistics that would take a top echelon place would be the CLT or maybe simple "1.96"