Asked by Krista Noelle on Mar 10, 2024

Verified

# The confidence level is the proportion of times that an estimating procedure will be wrong in the long run.

Confidence Level

The degree of certainty or probability that a parameter lies within a specified range of values.

Estimating Procedure

A systematic method used to predict or calculate the likely amount, size, cost, or duration of something with incomplete information.

- Comprehend the metrics of reliability in statistical inference, like significance and confidence levels.

Verified Answer

CP

Chelsea Paige JusticeMar 10, 2024

Final Answer :

False

Explanation :

The confidence level is the proportion of times that an estimating procedure will be correct in the long run.

## Learning Objectives

- Comprehend the metrics of reliability in statistical inference, like significance and confidence levels.

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