confidence level

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confidence level

[′kän·fə·dəns ‚lev·əl]
(industrial engineering)
The probability in acceptance sampling that the quality of accepted lots manufactured will be better than the rejectable quality level (RQL); 90% level indicates that accepted lots will be better than the RQL 90 times in 100.
(statistics)
References in periodicals archive ?
Weakest overall confidence levels were in Wales (14%), the North East (18%) and Scotland (18%).
Results from the 4th edition Egencia Business Travel and Technology Survey show business travelers abroad remain much more pessimistic about the potential of emerging technologies to improve the business travel experience, compared to confidence levels of US business travelers.
In addition, the confidence levels have moved up for heavy engineering, light industries and services sectors in the recent survey.
Consumer confidence levels also declined sharply across all population and household income groups in Q4 2015, but the fall was particularly large for high-income households.
Confidence levels that prices will rise across Britain have grown from 62% more in the three months to December - a slight fall on the figure of 65% at the same point last year.
This new index by MasterCard is a good barometer for where today's youth stand in terms of confidence levels regarding a variety of economic factors.
With regard to the regional confidence level, Tabbara said, "CEO confidence in MENA has risen for three consecutive quarters, based not only on strong oil prices but also increasing diversification within some of the region's economies.
Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism," Nielsen said in a statement.
According to Adri Vermeulen, Chief Executive of PPS Namibia, while the overall confidence level among Namibian graduate professionals fell 2 percentage points to 67% from the previous three months, it should also be borne in mind that overall confidence levels continue to remain high.
5% confidence level goes beyond the NAIC approach of identifying insurers at risk of financial difficulties and instead sets a target capital level designed to prevent any failures.
The research by Regus has found that confidence levels had increased, climbing eight points in the global innovative workspace solutions provider's confidence index.
Summary: The Byblos Bank-OSB Consumer Confidence Index showed Lebanese consumers' confidence levels at their lowest during the first nine months of 2011.