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Confidence Level
The confidence associated with an interval estimate. For example, if an interval estimation procedure provides intervals such that 95% of the intervals formed using the procedure will include the population parameter, the interval estimate is said to be constructed at the 95% confidence level.
Confidence Interval
A breadth of outcomes, sourced from sample-derived statistics, expected to surround the unknown figure of a population characteristic.
Population Mean
The average value of all individuals or items in a defined population.
Confidence Coefficient
The probability level associated with a confidence interval, indicating the frequency with which an estimated interval would include the parameter if the experiment were repeated.
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