Examlex
Consider the following four statements concerning a compound microscope: Which two of the four statements are correct?
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.
Confidence Level
The probability, expressed as a percentage, that a parameter lies within a specified range of values, indicating the reliability of an estimate.
Confidence Interval
A span of numbers that holds a certain likelihood of containing the actual value of the parameter.
Confidence Level
Confidence level indicates the probability that a population parameter will fall between two set values for a certain proportion of times.
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