MARGINOFERROR

The MARGINOFERROR function in Google Sheets is a powerful tool to calculate the amount of random sampling error given a range of values and a confidence level. It is commonly used in statistical analysis and surveys.

Function Syntax and Parameters

Syntax: MARGINOFERROR(range, confidence)

Parameters:

• range: The range of values for which you want to calculate the margin of error.
• confidence: The confidence level (expressed as a decimal) for the calculation.

Step-by-Step Tutorial

1. Using MARGINOFERROR to calculate margin of error:
   • Example: =MARGINOFERROR(A1:A10, 0.95)
   • Result: Returns the margin of error for the range A1:A10 with a 95% confidence level.

Use Cases and Scenarios

1. Market Research: Determine the margin of error for a survey sample.
2. Polling: Calculate the margin of error for political polls.
3. Quality Control: Assess the margin of error in product testing.

Related Functions

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