The margin of error for this survey if we want a 99% confidence in our estimate of the percent is 0.067
The formula for calculating the margin of error is expressed as:
[tex]e= z \cdot \sqrt{\frac{p(1-p)}{n} }[/tex]
p is the proportion
n is the sample size
Given the following parameters;
p = 75% = 0.75
n = 280
z = 2.576
Substitute into the formula
[tex]e=\sqrt{\frac{0.75(1-0.75)}{280} }\\e=\sqrt{\frac{0.1875}{280} } \\e=\sqrt{0.0006964} \\e=0.0258 \times 2.576\\e \approx 0.067[/tex]
Hence the margin of error for this survey if we want a 99% confidence in our estimate of the percent is 0.067
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