Confidence level/Definition: Difference between revisions

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The probability that the true value of a random variable lies within the estimated (or predicted) ''confidence interval''.
the probability that the true value of a random variable lies within the estimated (or predicted) ''confidence interval''.

Latest revision as of 12:51, 1 July 2009

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Confidence level [r]:

the probability that the true value of a random variable lies within the estimated (or predicted) confidence interval.