Examlex
A confidence level of 95% means that:
Population proportion
The proportion of a specific group or characteristic within a defined population.
Margin of error
An indicator of the precision of an estimate, representing the range within which the true population parameter is expected to lie with a certain confidence level.
Confidence interval
A reach of numerical outputs, from sampling statistics, with the potential to cover the hidden value of a population parameter.
True proportion
The actual ratio or fraction of individuals or items within a population that possesses a particular characteristic.
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