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 ?
THE latest round of Business Today 's business confidence index shows upsurge in the confidence level of industry captains.
Consumer confidence levels in the UAE have been steadily increasing in our most recent indices, reflecting a positive outlook for key sectors and confidence in the UAE's plans and vision for the coming years," said Eyad Al Kourdi, UAE country manager for MasterCard.
Given the current global economic uncertainty, arising from the ongoing debt crises in Europe and the US, as well as political concerns in South Africa, it is not surprising that confidence levels have waned slightly as these issues can easily impact on the Namibian economy.
More than 440 venture capital, private equity and growth equity investors in the Americas, Europe, Asia Pacific and Israel professed their confidence levels on a variety of aspects impacting the global venture capital environment including investments in geographies, industry sectors and market factors shaping the industry.
Respondents indicated an increase in confidence levels for four of the five indicators as compared to six months ago, and were most optimistic about Regular Income (91.
Nevertheless, any change in confidence levels is not to be ignored and should serve as a sobering reminder that a strong and sustainable recovery is by no means a certainty.
Overall, people's general confidence levels, based on a total of 10 indicators, are currently at 58 out of 100.
The Index (which runs from 0 to 100 - where 0 is completely pessimistic and 100 is completely optimistic) shows a score of 48 for confidence levels amongst small businesses in the North West, which is the national average across the UK.
A series of trials is run and compared to estimate confidence levels.
Asian and European confidence levels are more moderate, with the latter even seeming somewhat optimistic by historical standards.
On a scale of 100, confidence levels measured by Business Today 's Business Confidence Index moved up to 51.
Summary: DUBAI -- Gulf businesses are beating the global trend with positive profit and revenue growth and confidence levels to match, a new business confidence index reveals.