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Understanding

Confidence Level
What is Confidence Level?

The confidence level is the percentage of times you expect to get close to
the same estimate if you run your experiment again or resample the
population in the same way. 

he confidence interval consists of the upper and lower bounds of the


estimate you expect to find at a given level of confidence.
The confidence interval consists of the upper and lower bounds of the
estimate you expect to find at a given level of confidence.

Supposed, with a 95 percent confidence interval, you have a 5 percent


chance of being wrong. While with a 90 percent confidence interval,
you have a 10 percent chance of being wrong.

The level of confidence also affects the interval width. If you want a
higher level of confidence, that interval will not be as tight. A tight
interval at 95% or higher confidence is ideal.

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