Math Problem Statement
Solution
To find the margin of error (E) in this problem, we use the formula for margin of error in estimating proportions:
Where:
- is the Z-score corresponding to the confidence level (for 90% confidence, is approximately 1.645),
- is the proportion of successes (given as 40% or 0.40),
- is the sample size (given as 8,000).
Now, plugging in the values:
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:
- How would the margin of error change if the sample size were doubled?
- How does the Z-score change with a different confidence level (e.g., 95%)?
- What would happen to the margin of error if the proportion of successes were 50% instead of 40%?
- How do you interpret the margin of error in the context of this survey?
- 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
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