The Confidence Level Is the Range into Which the True

question 24

True/False

The confidence level is the range into which the true population parameter will fall,assuming a given level of confidence.

---

Definitions:

TPS

Transaction Processing System, a type of information system that collects, stores, modifies, and retrieves the transactions of an organization.

ES

Enterprise Systems, large-scale software packages that support business processes, information flows, reporting, and data analytics in complex organizations.

DSS

Decision Support System, a computerized program used to support decision-making activities in an organization.

Batch Processing

Transaction processing system (TPS) that processes data in batches at fixed periodic intervals.