**Estimating Population Proportion: Margin of Error and Confidence Interval**In this exercise, we aim to estimate the population proportion using a sample. We will use the sample results to approximate the margin of error and a 95% confidence interval.- **Sample size (n):** 580- **Sample proportion (p̂):** 0.8**Objective:**Calculate the margin of error.**Instructions:**Input your margin of error in the provided box, ensuring you round your final answer to four decimal places as necessary.This exercise involves statistical concepts crucial for understanding how sample data can infer population parameters within a specified confidence level.

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Answered: Assume that population proportion is to…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Assume that population proportion is to be estimated from the sample described. Use the sample results to approximate the margin of error and 95% confidence interval. Sample size, n = 580; sample proportion, p = 0.8 The margin of error is (Round to four decimal places as needed.)