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:
where is the sample size. In this case, the sample size is 2872.
- Calculate the square root of the sample size:
- Take the reciprocal of this value:
- Round to the nearest hundredth:
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:
- How do you construct a 95% confidence interval for a proportion?
- What is the interpretation of a 95% confidence interval?
- How does the sample size affect the margin of error?
- What are the assumptions behind the rule of thumb for margin of error?
- 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
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