statistic

Margin of error is a statistic that states the number of errors in random sampling in a survey. Margin of error can also be defined as a distance in a certain confidence interval (statistical) from the survey, this distance represents a statistic. Margin of error measures how close the results of the sample are to the results in reality. In statistic, we calculate the confidence interval to see where the value of the data of sample statistic will fall. The range of values which are below and above the sample statistic in a confidence interval is known as Margin of … Read more