- An interval which is expected to contain the parameter being estimated. More specifically, given a confidence level γ (95% and 99% are typical values), a CI is a random interval which contains the parameter being estimated γ% of the time. The confidence level, degree of confidence, or confidence coefficient represents the long-run proportion of CIs (at the given confidence level) that theoretically contain the true value of the parameter. For example, out of all intervals computed at the 95% level, 95% of them should contain the parameter’s true value. ← Wikipedia
- More about this term (beta): Web search, articles and videos, books
- Previous term: Cone of Uncertainty
- Next term: Confidence testing
- Random term: Ternary operator