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  • Card 4 / 5:
    Confidence Level (CL)

    The percent expression for the probability that the confidence interval contains the true population parameter. For example, if the CL = 90% , then in 90 out of 100 samples the interval estimate will enclose the true population parameter.

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Source:  OpenStax, Principles of business statistics. OpenStax CNX. Aug 05, 2009 Download for free at http://cnx.org/content/col10874/1.5
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