Assume that a random sample is used to estimate a population proportion p. Find the margin of error E that corresponds to the given statistics and confidence level. nbsp 95 % confidence; the sample size is 1453 comma of which 40 % are successes The margin of error Eequals nothing. (Round to four decimal places as needed.)
Solution :
Given that,
n = 1453
Point estimate = sample proportion = = 0.40
1 - = 0.60
Z/2 = 1.96
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 1.96 * (((0.60 * 0.40) / 1453)
= 0.0252
Margin of error = E = 0.0252
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