Math Problem Statement

In a random sample of 2872 Americans 18 and older, 27% of participants reported they were unmarried. Use the rule of thumb to calculate the margin of error for a 95% confidence interval. Round to the nearest hundredth, if necessary.

Solution

To calculate the margin of error (MOE) for a 95% confidence interval using the rule of thumb, you can use the formula for the margin of error for a proportion:

MOE=1n\text{MOE} = \frac{1}{\sqrt{n}}

where nn is the sample size. In this case, the sample size nn is 2872.

  1. Calculate the square root of the sample size:

287253.58\sqrt{2872} \approx 53.58

  1. Take the reciprocal of this value:

12872153.580.0187\frac{1}{\sqrt{2872}} \approx \frac{1}{53.58} \approx 0.0187

  1. Round to the nearest hundredth:

0.01870.020.0187 \approx 0.02

Thus, the margin of error for a 95% confidence interval is approximately 0.02 or 2%.

Would you like any more details or have any questions?

Here are 5 more questions you might be interested in:

  1. How do you construct a 95% confidence interval for a proportion?
  2. What is the interpretation of a 95% confidence interval?
  3. How does the sample size affect the margin of error?
  4. What are the assumptions behind the rule of thumb for margin of error?
  5. Can you explain the difference between margin of error and standard error?

Tip: Always remember that increasing your sample size decreases your margin of error, leading to more precise estimates.

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Math Problem Analysis

Mathematical Concepts

Statistics
Margin of Error
Confidence Intervals

Formulas

Margin of Error formula: MOE = 1 / sqrt(n)

Theorems

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Suitable Grade Level

Undergraduate