Describe about Margin of Error?
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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Describe about Margin of Error?
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Step 1
The area of variation of values above and below the sample statistic in a computed confidence interval is known as margin of error.
The general formula to compute the margin of error is:
Step 2
The general formula to compute the margin of error is:
The margin of error is positively related to the confidence level and negatively to the sample size.
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