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21 October, 09:08

A survey shows that 45% of the respondents pick option A. Given that 50 people replied, what is the standard error of the proportion

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  1. 21 October, 09:32
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    The formula for the standard error is this:

    σM = σ / √N

    where

    σM is the standard error

    σ is the standard deviation

    N is the number of samples

    So,

    σM = 0.45 / √50

    σM = 0.0636 or 6.36%

    The standard error is 0.0636
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