Question
What is the range of margin of error
Answers
GPT 3.5
The range of margin of error depends on the level of confidence and the size of the sample used for a survey or study. In general, the margin of error is calculated by taking the level of confidence (usually 95% or 99%) and dividing it by the square root of the sample size.
For example, if a survey has a 95% confidence level and a sample size of 500, the margin of error would be around +/-4.5%. This means that the true population parameter being estimated would be within 4.5 percentage points of the survey result 95% of the time.
Therefore, the range of margin of error can vary depending on the specific conditions of the survey or study.
For example, if a survey has a 95% confidence level and a sample size of 500, the margin of error would be around +/-4.5%. This means that the true population parameter being estimated would be within 4.5 percentage points of the survey result 95% of the time.
Therefore, the range of margin of error can vary depending on the specific conditions of the survey or study.