Margin of Error

Flashcard
•
Mathematics
•
12th Grade - University
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the definition of Margin of Error?
Back
The Margin of Error is a statistic that expresses the amount of random sampling error in a survey's results. It indicates the range within which the true value is expected to lie.
Tags
CCSS.HSS.IC.B.4
2.
FLASHCARD QUESTION
Front
How is the Margin of Error calculated?
Back
Margin of Error = Critical Value x Standard Error. The critical value is determined by the desired confidence level, and the standard error is calculated from the sample data.
Tags
CCSS.HSS.IC.B.4
3.
FLASHCARD QUESTION
Front
What does a 95% confidence interval mean?
Back
A 95% confidence interval means that if the same population were sampled multiple times, approximately 95% of the calculated intervals would contain the true population parameter.
Tags
CCSS.HSS.IC.B.4
4.
FLASHCARD QUESTION
Front
If a survey reports a margin of error of ±3%, what does this imply?
Back
It implies that the true value is expected to fall within 3 percentage points above or below the reported statistic.
Tags
CCSS.HSS.IC.B.4
5.
FLASHCARD QUESTION
Front
What is a confidence interval?
Back
A confidence interval is a range of values, derived from sample statistics, that is likely to contain the true population parameter.
Tags
CCSS.HSS.IC.B.4
6.
FLASHCARD QUESTION
Front
Given a sample mean of 50 and a margin of error of 5, what is the confidence interval?
Back
The confidence interval is (45, 55).
Tags
CCSS.HSS.IC.B.4
7.
FLASHCARD QUESTION
Front
What is the relationship between sample size and Margin of Error?
Back
As the sample size increases, the Margin of Error decreases, leading to a more precise estimate of the population parameter.
Tags
CCSS.HSS.IC.B.4
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