A recent poll of 500 residents in a large town found that only 36% were in favor of a proposed referendum to build a new high school.Find the margin of error for this poll if we want 90% confidence in our estimate of the percent of residents in favor of this proposed referendum.

A) 3.53%
B) 2.43%
C) 10%
D) 5%
E) 7.06%

Margin of Error

The range of values above and below the sample statistic in a confidence interval, indicating the possible variation in the true population parameter.

Proposed Referendum

A proposed referendum is a suggested vote on a specific measure or question that is put forward to a general vote by the electorate.

Confidence Estimate

An estimate or range used in statistics that likely includes an unknown population parameter.