ly 4% confident that the true po ation percentage of people that

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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ly 4% confident that the true po
ation percentage of people that
Transcribed Image Text:ly 4% confident that the true po ation percentage of people that
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The margin of error is the amount that is allowed for the error term to vary because of miscalculation or misspecified circumstances. It can be calculated in two ways.

The margin of error can be calculated either by multiplying the critical value with the standard deviation of the population or by multiplying the critical value with the standard deviation of the sample.

here, it is stated that from the results from a poll of 1000 adults who were asked to identify their favorite pie,11% chose chocolate pie. The margin of error is ±4%.

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