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.

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

• The failure rate is 0.5 % /1000 h (Confidence level : 60 % based on JIS C 5003.

• The following parameters for the VaR calculation will be used: ▪ Confidence level: 99%,▪ Forecast time horizon: 1 month,▪ “Recent volatilities” (calculated from less than one year).

• Confidence level is a measure of the reliability of the outcome of a sample.

• Nevertheless, there is no known internal characterization of Eberlein-Grothendieck spaces, and finding such a characterization is a major open problem, see Arkhangel’skii [3, Problem III.1.9] for example.When the space X is a Cp(Y ) we have a complete answer to the question of when X is Eberlein-Grothendieck (equivalently, has a compact generator).Theorem 22.

• Confidence level of 95 percent: this is the level of confidence that results found are true and representative.

More Definitions of Confidence level

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 determining the degree of reliability for use in reporting the assessment ratio for a taxing jurisdiction;

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 true value of a parameter is within a certain interval around the estimate of its value.Note: The interval is usually referred to as the accuracy of the estimate.

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

Confidence level means the probability of detecting evidence of at least one infected fish within the population of fish tested at the respective prevalence levels of the agent.