A guide to understanding market research - Businesslive
13 December 2018 - Remarkably, it does not matter how big the general population, a sample of size of about 400 will give you a margin of error of about 5% or 6%, if the poll is random and the methodology sound. Just to put that in context, because it is a mathematical marvel, if you were able to generate a random sample of 400 people in China (population 1.3-billion), you could generate findings with about a 5% margin of error for the whole of China.
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A guide to understanding market research - Businesslive
13 December 2018 - Remarkably, it does not matter how big the general population, a sample of size of about 400 will give you a margin of error of about 5% or 6%, if the poll is random and the methodology sound. Just to put that in context, because it is a mathematical marvel, if you were able to generate a random sample of 400 people in China (population 1.3-billion), you could generate findings with about a 5% margin of error for the whole of China.
