Problem Solving & Data Analysis Hard
⏱ 12 min 📊 Hard ⭐ Premium

Margin of Error and Confidence Intervals

Interpret margin of error, confidence intervals, and understand what affects their width.

Theory

Margin of Error

The margin of error tells you how much the sample result might differ from the true population value. [formula] Example: If a poll finds 52% support with a margin of error of ±3%, the true support is likely between 49% and 55%. This range is called the confidence interval.

Example: A survey finds that 40% of students prefer online classes, with a margin of error of ±4%. What is the confidence interval?

Theory

What Affects the Margin of Error?

Larger sample size → smaller margin of error (more precise). Higher confidence level → larger margin of error (more certain but less precise). The approximate formula (for proportions): [formula] where n is the sample size. To halve the margin of error, you need 4 times the sample size!

Example: A poll of 400 people has a margin of error of ±5%. About what margin of error would a poll of 1,600 people have?

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