A corporate executive reports the results of an employee sur

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%.

Solution

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.