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confidence interval

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia 0.01 sec.
confidence interval [′kän·fə·dəns ‚in·tər·vəl]
(statistics)
An interval which has a specified probability of containing a given parameter or characteristic.
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For instance, the researcher might report a 95 percent confidence interval for P equal to (2.
Using confidence intervals in supply chain and operations research by Bonett, Douglas G.; Wright, Thomas A. / Journal of Supply Chain Management
Techniques are presented in seven categories with descriptive methods being the most well represented, including topics such as confidence interval for the proportion, discrete distributions, and histograms.
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Because these percentages are subject to sampling error, each of the estimates from this survey is accompanied by a 95 percent confidence interval, which indicates the range we would expect to include the actual population value in 95 percent of the samples we could have drawn.
Bank Secrecy Act: Surveys of Financial Institutions and CTR Users ... by General Accounting Office Reports & Testimony
 
 
 
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