Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Discover comprehensive solutions to your questions from a wide network of experts on our user-friendly platform. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

What is the difference between confidence level and confidence interval.

Sagot :

Answer:

The confidence level is the percentage of times you expect to get close to the same estimate if you run your experiment again or resample the population in the same way. The confidence interval consists of the upper and lower bounds of the estimate you expect to find at a given level of confidence.