The margin of error is a statistic that expresses how much random sampling error there is in a survey's results. The margin of error of the survey will be ±4%.
What is the margin of error?
The margin of error is a statistic that expresses how much random sampling error there is in a survey's results. The wider the margin of error, the less confident one should be that a poll result reflects the outcome of a population-wide survey.
The results of a survey indicate that between 76% and 84% of the season ticket holders are satisfied with their seat locations. Therefore, the margin of error can be written as,
Margin of Error = (84%-76%)/2 = 8%/2 = ±4%
Hence, the margin of error of the survey will be ±4%.
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