Earlier in the semester we discussed the difference between sampling variation and process variation. Uncertainty associated with parameter estimates, because parameter estimates are obtained from a sample of marked animals.
Process variation is natural varaition that exist in the parameters.
Sampling variation is generally measured by the standard error and theoretically can be driven to 0.0 if the sample size is large enough. More complex iterative solutions are also available. This is a relative new concept and a challenging idea for me to wrap my brain around. Therefore, this lecture material should be treated as an potentially flawed introduction to the concept. That is dependent on the ratio of sampling and process variation and the model used for estimation.