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Tomtit [17]
2 years ago
14

How can we develop a margin of error through the use of simulation models for random sampling

Mathematics
1 answer:
BARSIC [14]2 years ago
7 0

When using simulation models for random sampling, we can develop the margin of error by multiplying the critical value by the standard error.

<h3>What is the margin or error?</h3>

This is a measure of the error that we get when we use a random sampling model.

It can be found by the formula:

= Critical value x Standard error

If using a z-test, the critical value would be z and the standard error would be (σ / √n). The margin or error would therefore be:

= z (σ / √n)

Find out more on margin of error at brainly.com/question/24289590.

#SPJ1

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