In a survey of 280 adults over 50, 75% said they were taking vitamin supplements. Find the margin of error for this survey if we want a 99% confidence in our estimate of the percent of adults over 50 who take vitamin supplements. (Round to the nearest thousandths.)
Solution :
Given that,
Point estimate = sample proportion = = 0.75
1 - = 0.25
n = 280
Z/2 = 2.576
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.576 * (((0.75 * 0.25) / 280)
= 0.067
Margin of error = 0.067
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