Confidence level definition

Confidence level means the statistical reliability of the sampling parameters used to estimate the proportion of payment errors (overpayment and underpayment) in the universe under review.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Confidence level means the probability that an overpayment or underpayment rate determined from a random sample of charges is less than or equal to the rate that exists in the universe from which the sample was drawn.

Confidence level means the probability that the true value of a parameter is within a certain interval around the estimate of its value;

Examples of Confidence level in a sentence

• K Confidence level determined in accordance with IEC 61400-14[2], Standard deviation according to IEC 61400-14[2], equation (5).

• NoVa Headquarters Location Arlington County Performance Reporting Period November 1, 2018 / January 1, 20 Through December 31, 20 New Jobs1 37,850 Confidence level New Jobs Target will be reached by December 31, 2038 (check one) High ☐ Moderate ☐ Low ☐ Capital Investment (provide breakdown below) $ Average Annual Wage (See Exhibit D) $ $ N/A Standard Fringe Benefits (check one) Yes ☐ No ☐ 1Data will be verified using Virginia Employment Commission records.

• NoVa Headquarters Location Arlington County Performance Reporting Period November 1, 2018 / January 1, 20 Through December 31, 20 New Jobs1 37,850 Confidence level New Jobs Target will be reached by December 31, 2038 (check one) High ☐ Moderate ☐ Low ☐ Capital Investment (provide breakdown below) $ Average Annual Wage $ $ N/A Standard Fringe Benefits (check one) Yes ☐ No ☐ 1Data will be verified using Virginia Employment Commission records.

• HH:mm:ss • Forecast quantity ( +/- sign defines the direction of the energy flow) • Upper bound • Lower bound • Confidence level (of the calculated upper and lower bounds) • Energy unit (by default Wh) Power flow simulation data provided by the Power Flow Simulator (PFS).

• The web survey profile was: – Survey Population (no of companies mailed) 133 – Sample size (no of respondents) 37 – Confidence level 95% – Margin of error +/- 7% The survey structure and questions were designed using the feedback from the 1-to-1 interviews in order to focus them on key issues.

More Definitions of Confidence level

Confidence level means a statistical procedure for determining the degree of reliability for use in reporting the assessment ratio for a taxing jurisdiction;

Confidence level means the probability of detecting evidence of at least one infected marine organism within the population of marine organisms tested at an assumed prevalence level of the agent.

Confidence level means a statistical procedure for

Confidence level means the required degree of confidence in a statistical test or confidence interval.

Confidence level means the probability that the value of a parameter falls within a specified range of values.

Confidence level means a probability that a confidence interval includes the true value of the estimated parameter; it is used for the purpose of defining the sample size and for calculating sampling precision;

Confidence level means a measure of how likely it is that the results of a Quantitative Survey will be truly representative of the wider audience. It is expressed as a percentage and represents how often the true percentage of the population (i.e. the result of surveying the entire population) would pick an answer that lies within the specified “Confidence Interval” set for the relevant Quantitative Survey. The “Confidence Level” for the Member and Employer Quantitative Surveys outlined in Schedule 2.2 (Service Levels) is set at 95% which means that it is possible to be 95% certain that a particular measure falls within the specified “Confidence Interval”.