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 Justice
Mar 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.