Math Problem Statement

Standard error = 0.4, confidence level 99% What is the margin of error?

Solution

The margin of error (EE) for a given confidence level can be calculated using the formula:

E=Z×Standard ErrorE = Z \times \text{Standard Error}

Where:

  • ZZ is the Z-score corresponding to the desired confidence level.
  • Standard Error is given as 0.40.4.

For a 99% confidence level, the ZZ-score is approximately 2.5762.576.

Substitute the values:

E=2.576×0.4=1.0304E = 2.576 \times 0.4 = 1.0304

Margin of Error: 1.03041.0304

Would you like a detailed explanation of the process or any further assistance? Here are 5 related questions:

  1. How is the ZZ-score determined for different confidence levels?
  2. What is the relationship between the margin of error and sample size?
  3. How does changing the confidence level affect the margin of error?
  4. What role does standard error play in confidence intervals?
  5. 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