A level of confidence of 95% was used in the case above. A table at the back of a statistics textbook can be used to get the value of z* for a certain confidence level. For a 95% confidence level, the value of z* is 1.96.
An error margin of 3.92 is discovered when the value of z*, the demographic standard error, and the sample size are entered into the equation.
Statistical Estimation's Justification
Where does the confidence interval calculation formula come from?
The population mean's true value is never known; it can only ever be estimated or approximated. The easiest way of doing this is to choose many identical-sized random samples from the population.
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