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Margin of Error: Decoding the Uncertainty in Estimates

Chapter 18, Problem 2

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QUESTION:

Margin of error A medical researcher estimates the percentage of children exposed to lead-based paint, adding that he believes his estimate has a margin of error of about 3%. Explain what the margin of error means.

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QUESTION:

Margin of error A medical researcher estimates the percentage of children exposed to lead-based paint, adding that he believes his estimate has a margin of error of about 3%. Explain what the margin of error means.

ANSWER:

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The margin of error mean is the width of the confidence interval which is use to determine the true proportion within the confidence interval.

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Margin of Error: Decoding the Uncertainty in Estimates
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Unravel the concept of the "margin of error" within the context of estimating children's exposure to lead-based paint. Through clear explanations, comprehend the importance of acknowledging uncertainty in statistical findings and how it represents a range for potential true values.


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