A recent poll of 1500 new home buyers found that 60% hired a moving company to help them move to their new home. Find the margin of error for this poll if we want 95% confidence in our estimate of the percentage of new home buyers who hired movers.

The margin of error M.O.E = 2.5%

Step-by-step explanation:

Given that;

The sample size = 1500

The sample proportion = 0.60

Confidencce interval = 0.95

The level of significance ∝ = 1 - C.I

= 1 - 0.95

= 0.05

The critical value:

(From the z tables)

The margin of error is calculated by using the formula:

M.O.E = 0.02479

M.O.E ≅ 0.025

The margin of error M.O.E = 2.5%

$75.00

step-by-step explanation:

i = prt

i = 1,5000 * 0.025 * 2

i = 75