A corporate executive reports the results of an employee survey, stating that 54

Question

A corporate executive reports the results of an employee survey, stating that 54% of employees say they are either "satisfied" or "extremely satisfied" with their jobs: and then says "the margin of error is plus or minus 3%." Explain carefully what that means. Choose the correct explanation below. She believes there is a 3% probability that the estimate is not correct. She believes that the estimate cannot be off by more than 3%. She believes that the true proportion is within 3% of the estimate with some (probably 95%) degree of confidence. She believes with some (probably 95%) degree of confidence that the difference between the true proportion and the estimate is 3%.

Explanation / Answer

C. is the correct answer.

Explantation:

Margin of error is the difference between the estimated value and the true population parameter value. This is often associated with a confidene level.

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