A range of values estimated to have a high probably of containing the population value is called Confidence interval.
A confidence interval is a range of values that is likely to contain the true value of a population parameter, such as a mean or proportion. The degree of confidence associated with a confidence interval is the probability that the population parameter falls within the range of the confidence interval.
Population parameter : In statistics, a population parameter is a numerical measure of a population, such as its mean, variance, or proportion of a certain characteristic. It is usually estimated from a sample of the population and is usually not known precisely.
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