What does the margin of error for the estimate of a population proportion tell you?

Short Answer

Expert verified

The margin of error is equal to half of the sureness (confidence) interval's length.

Step by step solution

01

Given Information

A population proportion is a percentage of the total population that shares a particular trait.

02

Explanation

The margin of error is half the length of the sureness (confidence) interval in math. The precision with which a sample proportion p^ estimated the population proportion p at the set confidence level is represented by an estimator's margin of error.

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Margin of error=0.04

Confidence level=99%

Educated guess=0.3

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(b). Compare your answer to the corresponding one and explain the reason for the difference, if any.

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