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LEVEL
AND
SAMPLE SIZE
• CONFIDENCE LEVEL - A confidence level refers
to the percentage of all possible samples that
can be expected to include the true
population parameter.
• MARGIN OF ERROR - The margin of error
expresses the maximum expected difference
between the true population parameter and a
sample estimate of that parameter. To be
meaningful, the margin of error should be
qualified by a probability statement (often
expressed in the form of a confidence level).
Deriving Formula