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Reply #123: My calculation is incorrect? You better look at this. [View All]

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TruthIsAll Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-29-04 04:07 PM
Response to Reply #122
123. My calculation is incorrect? You better look at this.
Edited on Mon Nov-29-04 04:54 PM by TruthIsAll
N= 1000 sample size

Sqrt (N)= 31.62278
MOE = 1/sqrt(N)= 1/31.62278 = 3.1623%

You get 3.1%.
I get 3.1623%.

Where's the beef?

I am a firm believer in the KISS philosophy: Keep the calculations in the model as simple as possible.

The simpler the model, the more robust.

Introducing extraneous calculations serves no useful purpose - in fact, it will obscure understanding the basics of the system we are attempting to model.

We should use the minimal number of calculations necessary to derive results which model the real-world problem at hand.


MOE= 1/sqrt(N)

But I digress...

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