Enter the confidence level, sample size, sample proportion, and population size to find the margin of error.
The Margin of Error (MOE) is a statistical measure of the precision of an estimate from a sample. It represents the range within which the true population parameter is likely to fall, given a certain level of confidence.
The basic formula for the Margin of Error is:
\[ MOE = z \times \sqrt{\frac{p(1-p)}{n}} \]
Where:
Let's calculate the Margin of Error for a sample with the following parameters:
Therefore, the Margin of Error is 3.10%.
This diagram illustrates the Margin of Error for the example above. The red line represents the confidence interval, which extends 3.10% on either side of the sample proportion (0.5).