Difference between revisions of "Confidence Level"
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Confidence Level
In statistics, the degree of desired trust or assurance in a given result.
A confidence level is always associated with some assertion and
measures the probability
that a given assertion is true. For example, it could be the probability that
a particular characteristic will fall within specified limits, i.e., the
chance that the true value of P lies between P = a and P = b. See confidence
interval.
References
This article is based on NASA's Dictionary of Technical Terms for Aerospace Use