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You Are Advising a Multimedia Company on the Best Type

question 33

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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?


Definitions:

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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