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Margin of error A TV newscaster reports the results of a poll of voters, and then says, "The margin of error is plus or minus \(4 \%\)." Explain carefully what that means.

Short Answer

Expert verified
A margin of error of ±4% in a poll means that the actual results may vary by up to 4 percentage points either way from the stated results. If the polled result is 60%, the actual percentage lies somewhere between 56% and 64%.

Step by step solution

01

- Understand the Margin of Error

The margin of error in a poll is a way of distinguishing between the sample results and the true results if the whole population were surveyed. In this case, the margin of error is ±4% which means that the reported percentage could be 4 percentage points above or below the true proportion of the population.
02

- Interpreting the Margin of Error

If the survey result was 60%, with a margin of error of ±4%, that means the actual result lies somewhere between 56% (60 - 4) and 64% (60 + 4). This variation is due to the fact only a sample, and not the entire population, was surveyed.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Poll Interpretation
Understanding poll interpretation is crucial when you're looking at survey results, such as those reported by a TV newscaster. Polls are commonly used to gather opinions or data from a subset of a population, called the sample, to infer something about the entire population. A key term in interpreting polls is the **margin of error**. This tells us how much we can expect the sample results to differ from the actual population results.

In the example above, a 60% result with a ±4% margin of error means that the true result for the population is likely between 56% and 64%. This range helps manage expectations and understand the results in a more precise manner. It's important to remember that the margin of error only accounts for sampling variability; it does not account for any errors in survey design or execution.
Sample vs. Population
The distinction between sample and population is foundational in statistics. The population refers to the entire group of individuals or entities that we are interested in studying. For instance, in an election poll, the population is all eligible voters.

On the other hand, a sample is a subset of that population, chosen to represent the entire group. Samples are collected because it is usually impractical or impossible to survey an entire population. In the case of our poll, a sample might consist of a few thousand voters, carefully selected to reflect the larger voting public.
  • **Population**: The whole group you want to know about.
  • **Sample**: A smaller group selected from the population for the actual survey.
Properly chosen samples through random sampling methods increase the likelihood that the results from the sample closely approximate what would be observed if the entire population were surveyed.
Statistical Accuracy
Statistical accuracy is all about how close a poll's results are to the true characteristics of the population. Accuracy is influenced by how well the sample represents the population and the size of the margin of error.

A smaller margin of error suggests more precise results because the potential range of error is narrower. In our example, a ±4% margin of error indicates that while the sample data suggests a 60% result, the true parameter in the population could potentially fall within 56% to 64%.
  • **Reducing Margin of Error**: Using larger samples generally decreases the margin of error, leading to more accurate survey results.
  • **Importance**: It is crucial in determining the reliability of the survey results.
However, it's important to note that statistical accuracy assumes there are no biases or errors in data collection and that the poll's methodology follows rigorous scientific standards.

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Most popular questions from this chapter

Confidence intervals Several factors are involved in the creation of a confidence interval. Among them are the sample size, the level of confidence, and the margin of error. Which statements are true? a. For a given sample size, higher confidence means a smaller margin of error. b. For a specified confidence level, larger samples provide smaller margins of error. c. For a fixed margin of error, larger samples provide greater confidence. d. For a given confidence level, halving the margin of error requires a sample twice as large.

Local news The mayor of a small city has suggested that the state locate a new prison there, arguing that the construction project and resulting jobs will be good for the local economy. A total of 183 residents show up for a public hearing on the proposal, and a show of hands finds only 31 in favor of the prison project. What can the city council conclude about public support for the mayor's initiative?

How's life? Gallup regularly conducts a poll using a "Cantril scale," which asks respondents to imagine a ladder with 10 rungs. Rung 0 represents the worst possible life, and rung 10 represents the best possible life. Respondents are asked what rung they would say they are on. Responses are classified as "Thriving" (standing on rung 7 or higher, and expecting to be on rung 8 or higher five years from now), "Suffering" (standing on rung 4 or lower and expecting to be on rung 4 or lower five years from now), or "Struggling" (not thriving or suffering). In the first half of \(2016,\) Gallup found that the index had reached a new high of \(55.7 \%\) thriving with a sample size of 105,000 . (www.gallup.com/poll/194816/ americans-life- evaluations-improve-during-obama-era.aspx) a. Explain the meaning of \(\hat{p}=0.557\) in the context of this situation. b. Calculate the standard error of \(\hat{p}\). c. Explain what this standard error means in the context of this situation.

Cars What fraction of cars made in Japan? The computer output below summarizes the results of a random sample of 50 autos. Explain carefully what it tells you. z-Interval for proportion With \(90.00 \%\) confidence, \(0.29938661<\mathrm{P}(\) japan \()<0.46984416\)

Hiring In preparing a report on the economy, we need to estimate the percentage of businesses that plan to hire additional employees in the next 60 days. a. How many randomly selected employers must we contact in order to create an estimate in which we are \(98 \%\) confident with a margin of error of \(5 \% ?\) b. Suppose we want to reduce the margin of error to \(3 \%\). What sample size will suffice? C. Why might it not be worth the effort to try to get an interval with a margin of error of only \(1 \% ?\)

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