Examlex
You are advising a multimedia company on the best type of knowledge management system to help them archive digital video and sound clips.Which of the following will suit their needs?
Confidence Level
The probability, expressed as a percentage, that a confidence interval will contain the true population parameter across repeated samples or experiments.
Confidence Interval
A gamut of values, resulting from sample analysis, expected to enfold the value of an undefined population characteristic.
Level of Confidence
The degree to which one can be sure that a particular parameter falls within a specific range, expressed as a percentage.
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