Answer:
Margin of Error concept & example
Step-by-step explanation:
Margin of Error refers to range of values around sample statistic, within confidence interval. It denotes, expected percentage points of difference from real population value.
Example : With 95% Confidence Interval with (lets say 4) percent Margin of Error implies that - statistic is expected to be within 4% deviation around population mean 95% of the time.
It applies to pie case also. People liking chocolate pie are likely to be within ME% around sample percentage, with probability of CI% .