Margin Of Error
Margin of Error is a statistical term that refers to the amount of random sampling error in a survey's results. It is the degree of uncertainty associated with the results of a poll or statistical analysis. Margin of error is calculated by taking into account the sample size, the level of confidence, and the variability in the population. A larger sample size generally leads to a smaller margin of error, while a smaller sample size leads to a larger margin of error. Similarly, a higher level of confidence leads to a larger margin of error, while a lower level of confidence leads to a smaller margin of error. Margin of error is often used in political polling, market research, and scientific studies to determine the accuracy of the results.
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