Margin of Error Formula:
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The Margin of Error (MOE) represents the range of values above and below the sample statistic in a confidence interval. It quantifies the uncertainty in estimating a population parameter from a sample.
The calculator uses the Margin of Error formula:
Where:
Explanation: The formula accounts for the variability in the sample proportion and the size of the sample, scaled by the confidence level through the z-score.
Details: Margin of Error is crucial in survey research and statistical analysis as it provides a measure of the precision of an estimate. A smaller MOE indicates greater confidence in the results.
Tips: Enter the z-score corresponding to your confidence level (e.g., 1.96 for 95% confidence), the sample proportion (as a decimal between 0 and 1), and the sample size (must be positive integer).
Q1: What are common z-score values?
A: Common values are 1.645 (90% confidence), 1.96 (95% confidence), and 2.576 (99% confidence).
Q2: What if I don't know the proportion?
A: Use 0.5 as it gives the maximum margin of error (most conservative estimate).
Q3: How does sample size affect MOE?
A: Larger sample sizes result in smaller margins of error, following the square root relationship.
Q4: When is this formula appropriate?
A: For random samples with sufficiently large n (typically np > 10 and n(1-p) > 10).
Q5: Can MOE be negative?
A: No, margin of error is always reported as a positive value.