Use sample data to estimate population means/proportions and develop margins of error using simulation.
Estimate the margin of error from a simulation or bootstrap distribution
Problem
Based on this simulation distribution, what is a reasonable estimate of the margin of error: simulated proportions centered at \(0.50\), most between \(0.44\) and \(0.56\)?
Read the simulation's center and the stated usual range as different features. A margin of error is the typical center-to-edge distance, so subtract the center from either symmetric endpoint or take half the full range width. Keep proportions and percentage points on consistent scales when interpreting the result.
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