confidence level


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Related to confidence level: significance level

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 ?
Coupled with the myriad adverse economic forces that have already been hammerMYing household income growth and credit extension since the beginning of the year, low consumer confidence levels are likely to translate into weak retail sales growth during the Christmas holidays.
The user may change the value of the confidence level with the spin button and see that when the confidence level increases, the confidence interval becomes wider, and vice versa as presented in Figure 3.
8625 which falls in the acceptance region at 99%, 95%, 90% and even at 80% confidence level and conclude that in case of promotion the difference between Islamic bank and conventional bank is statistically insignificant.
Conning: For the NAIC RBC formulas and factors, there is no single, overarching confidence level, time horizon, or risk metric used, unlike with Solvency II SCR.
The study, covering the period between 2007 and 2011, said consumer confidence levels have been extremely sensitive to political and security developments in the country.
Key words: functional abilities confidence level, motor function, stroke
Actuarial firms' expertise is based on their ability, grown out of years of formal education and training, to look at actual past experience and determine gross undiscounted funding and future reserve rates at various confidence levels.
The program calculates a confidence level for you for each item tested.
Hence, though the trend for the whole group is an increase in confidence level, there were two individual preservice teachers who had particularly negative changes in Personal Science Teaching Efficacy Beliefs values and one of them also had negative changes in the Science Teaching Outcome Expectancy value.
Next, the two decoders compare notes and each updates its guesses and confidence levels.
Reliance Opinions: Written advice is a reliance opinion if it concludes at a confidence level of more likely than not (a greater than 50 percent likelihood) that one or more significant federal tax issues would be resolved in the taxpayer's favor.
The survey of IREM members was completed by 482 respondents, yielding a 95% confidence level in the data with a 4.