Question

The margin of error in a confidence interval estimate accounts for:_________

Answer 1

Answer:

The percentage points within which the obtained results would differ from the real population value.

Step-by-step explanation:

The ideas of the margin of error and confidence interval are borne from the observed truth, which is that there is always room for error in any statistically computed figure such as a survey or poll. For example, the result of a poll could show an 80% confidnce interval with a margin of error of 3%. This simply means that if the poll was repeated, 80% of the real population would fall within an estimate of 3%.

Statistics are not always error proof. Sometimes, the results might even be totally different from the computed results. So, it is very important that room is made for the possibility of an error, and that is why we need the mrgin of error.