Math Problem Statement

Find the margin of error E that corresponds to the following information: 90% confidence; sample size is 8,000, of which 40% are successes.

Solution

To find the margin of error (E) in this problem, we use the formula for margin of error in estimating proportions:

E=Zα/2×p(1p)nE = Z_{\alpha/2} \times \sqrt{\frac{p(1-p)}{n}}

Where:

  • Zα/2Z_{\alpha/2} is the Z-score corresponding to the confidence level (for 90% confidence, Zα/2Z_{\alpha/2} is approximately 1.645),
  • pp is the proportion of successes (given as 40% or 0.40),
  • nn is the sample size (given as 8,000).

Now, plugging in the values:

E=1.645×0.40(10.40)8000E = 1.645 \times \sqrt{\frac{0.40(1-0.40)}{8000}} E=1.645×0.40×0.608000E = 1.645 \times \sqrt{\frac{0.40 \times 0.60}{8000}} E=1.645×0.248000E = 1.645 \times \sqrt{\frac{0.24}{8000}} E=1.645×0.00003E = 1.645 \times \sqrt{0.00003} E=1.645×0.005477E = 1.645 \times 0.005477 E0.009E \approx 0.009

So, the margin of error (E) is approximately 0.009, or 0.9%.

Would you like further explanation or have any questions on this? Here's a related question for deeper understanding:

  1. How would the margin of error change if the sample size were doubled?
  2. How does the Z-score change with a different confidence level (e.g., 95%)?
  3. What would happen to the margin of error if the proportion of successes were 50% instead of 40%?
  4. How do you interpret the margin of error in the context of this survey?
  5. Can you explain why the margin of error decreases as the sample size increases?

Tip: Larger sample sizes lead to smaller margins of error, which increases the accuracy of your estimate!

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Math Problem Analysis

Mathematical Concepts

Statistics
Margin of Error
Confidence Intervals
Proportions

Formulas

E = Z_{\alpha/2} × √(p(1-p)/n)

Theorems

Z-score for confidence level

Suitable Grade Level

Grades 11-12