From Free Knowledge Base- The DUCK Project: information for everyone
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Confidence Level- Use a confidence level to describe uncertainty associated with the interval estimate. It seems like you just make an educated guess to come up with this. Like, "I think this sample of people from a larger group probably is about 95% representative of what everyone would likely say if we had the resources to have everyone surveyed. '''Confidence Level'''- Use a confidence level to describe uncertainty associated with the interval estimate. It seems like you just make an educated guess to come up with this. Like, "I think this sample of people from a larger group probably is about 95% representative of what everyone would likely say if we had the resources to have everyone surveyed. A 95% confidence level implies that 95% of the confidence intervals would include the true population parameter.Confidence Interval - Statisticians use a confidence interval to express the degree of uncertainty associated with a sample statistic. A confidence interval is an interval estimate combined with a probability statement. Confidence intervals are preferred to point estimates and to interval estimates, because only confidence intervals indicate (a) the precision of the estimate and (b) the uncertainty of the estimate.'''Confidence Interval''' - Statisticians use a confidence interval to express the degree of uncertainty associated with a sample statistic. A confidence interval is an interval estimate combined with a probability statement. Confidence intervals are preferred to point estimates and to interval estimates, because only confidence intervals indicate (a) the precision of the estimate and (b) the uncertainty of the estimate.
