Margin of error

Margin of error,

Definition of Margin of error:

  1. Analytical technique that accounts for the number of acceptable errors in an experiment. The margin of error is put into place so that an individual can review results and then determine the level of accuracy of the experiment by taking this + or - margin of error into consideration. A smaller margin of error indicates trustworthy results and a larger margin of error means the results are not considered as accurate.

  2. An amount (usually small) that is allowed for in case of miscalculation or change of circumstances.

How to use Margin of error in a sentence?

  1. Some business run on a small margin of error and even the slightest mistake can have absolutely drastic results for them.
  2. Some products have a very slim margin of error and you must make sure that they are made perfectly every time.
  3. It is well within the margin of error for this sort of calculation.
  4. There was a wide margin of error for the upcoming project which gave us a lot of leeway to make up our own minds.

Meaning of Margin of error & Margin of error Definition