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Confidence Level
A confidence level is a statistical parameter that expresses how certain one is in the results of a statistical experiment, often represented as a percentage that quantifies the probability that the true parameter lies within the confidence interval.
Population Standard Deviation
The population standard deviation is a measure of the dispersion or variation of all members in a full set or 'population' of data.
Maximum Allowable Error
The largest error that is tolerated in the measurement process, beyond which the measurement is considered unacceptable.
Confidence Level
The percentage or level of certainty that a statistical parameter lies within a specific interval.
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