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24 October, 18:29

What is the difference between the way we calculate the margin of error for population proportion and population mean?

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  1. 24 October, 22:12
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    The main difference can be directly observed in the formulas used to calculate for the margin of error.

    For the population mean, the margin of error would simply be:

    MOE = z * s / sqrt (n)

    where z is the z-score, s is the standard deviation and n is the number of samples

    For the population proportion, the margin of error is:

    MOE = z * sqrt[p (1 - p) / n]

    where p is the probability of success
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