Math Problem Statement
Standard error = 0.4, confidence level 99% What is the margin of error?
Solution
The margin of error () for a given confidence level can be calculated using the formula:
Where:
- is the Z-score corresponding to the desired confidence level.
- Standard Error is given as .
For a 99% confidence level, the -score is approximately .
Substitute the values:
Margin of Error:
Would you like a detailed explanation of the process or any further assistance? Here are 5 related questions:
- How is the -score determined for different confidence levels?
- What is the relationship between the margin of error and sample size?
- How does changing the confidence level affect the margin of error?
- What role does standard error play in confidence intervals?
- How would you calculate the margin of error for a confidence level of 95%?
Tip: Always ensure the sample size is sufficiently large to achieve reliable results in confidence interval calculations.
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Math Problem Analysis
Mathematical Concepts
Statistics
Confidence Intervals
Margin of Error
Formulas
E = Z × Standard Error
Theorems
Z-score for confidence intervals
Suitable Grade Level
Grades 10-12
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