SOLUTION: In a survey of 540 art students 36% reported that their favorite color is green. What is the margin of error for the sample?. a. 5% b. 7% c. 4%

Algebra ->  Finance -> SOLUTION: In a survey of 540 art students 36% reported that their favorite color is green. What is the margin of error for the sample?. a. 5% b. 7% c. 4%      Log On


   



Question 1089230: In a survey of 540 art students 36% reported that their favorite color is green. What is the margin of error for the sample?.
a. 5%
b. 7%
c. 4%

Answer by rothauserc(4718) About Me  (Show Source):
You can put this solution on YOUR website!
margin of error = critical value * standard error
:
the problem gives enough information to calculate the standard error BUT critical value requires a stated confidence interval
:
when the confidence interval is not stated, it is common to use 95%
:
is this the case for this problem?
: