Post a link to a magazine article that references a \’margin of error\’. Summarize how and why the term is used in the news article in a few sentences. Assess whether the reporter used the term \’margin of error\’ correctly.For example: In Uncertain Times, CEOs Lose Faith in ForecastsThe Wall Street Journal reports how one particular CEO uses the margin of error. In a quite telling quote:Mr. Lamneck also , such as the predicted growth rate for his industry. Sometimes, that means Insight might invest less in, say, hiring salespeople, than a rosy forecast might warrant.I suspect that either the CEO or the reporter is not using the technical definition of margin of error but rather that the CEO is making a statement about the reliability of forecasts in general. It would be difficult for a CEO to make time to properly gather a data set of forecasts and appropriately scale the deviation of forecast to actual and then compose a set of data. They do recognize the challenge of forecasting the future.
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