The margin of error expresses the amount of random sampling error in the results of a survey. It defines the radius of the confidence interval for the statistic.
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Pro Tips
If Population Size is very large compared to N, it can be ignored.
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Fun Facts
"Doubling sample size does NOT halve the margin of error (it reduces by factor of sqrt(2))."
"Using 50% for the observed percentage yields the maximum (most conservative) margin of error."