Statistics - (Degree|Level) of confidence

1 - About

Degree of confidence represents the probability that the confidence interval captures the true population parameter.

With a degree of confidence of 95%, you have 95% confidence that the true population parameters will be in the confidence interval.

95% is the standard.

If you want 95% confidence that you're capturing the true population parameters, you may sometimes have to report a really wide interval.

data_mining/degree_of_confidence.txt · Last modified: 2016/10/05 10:04 by gerardnico