Margin of Error Formula:
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The margin of error (MOE) quantifies the amount of random sampling error in a survey's results. It represents the radius of the confidence interval for a given statistic (usually at 95% confidence level).
The calculator uses the margin of error formula:
Where:
Explanation: The formula shows that margin of error decreases as sample size increases, and is maximized when p = 0.5.
Details: Margin of error is crucial for understanding the precision of survey results and for determining appropriate sample sizes in research studies.
Tips: Enter proportion (between 0 and 1) and sample size (positive integer). The calculator will compute the margin of error at 95% confidence level.
Q1: Why 1.96 in the formula?
A: 1.96 is the z-score that corresponds to 95% confidence level in a normal distribution.
Q2: What's a good margin of error?
A: Typically 5% or less is considered acceptable for most surveys, though this depends on the specific application.
Q3: How does sample size affect MOE?
A: MOE decreases with the square root of sample size - to halve the MOE, you need to quadruple the sample size.
Q4: What if I don't know the proportion?
A: Use p = 0.5 for the most conservative (largest possible) margin of error estimate.
Q5: Can I use this for non-binary outcomes?
A: This formula is for binary proportions. Different formulas are needed for continuous data or multinomial outcomes.