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