In: Statistics and Probability
A common Gallup poll question asks Americans whether they would like to see handguns banned. A recent poll indicated that 27% of those polled by Gallup said “Yes.” Calculate the margin of error for that figure, assuming a 95% confidence level and a sample size of 1,000 respondents. (Input the number in percent form with 1 decimal place and no percent sign)
Solution :
Given that,
n = 1000
Point estimate = sample proportion = = 0.27
1 - = 1-0.27 =0.73
At 95% confidence level the z is ,
= 1 - 95% = 1 - 0.95 = 0.05
/ 2 = 0.05 / 2 = 0.025
Z/2 = Z0.025 = 1.96 ( Using z table )
Margin of error = E = Z/2 * ((( * (1 - )) / n)
= 1.96 (((0.27*0.73) / 1000)
E = 0.028
Margin of error = E =2.8