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3 votes
Which of the following terms refers to the numerical probability of the chances that the true value falls within the range of reliability?

mean
variability
confidence level
standard deviation

1 Answer

4 votes
The term that refers to the numerical probability of the chances that the true value falls within the range of reliability is called confidence level.
Saving that you surveyed a whole population, a 100% confidence level is non-existent in statistics, — and even then you probably couldn’t be 100 percent sure that your survey wasn’t open to some kind of error or bias.
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User Mentalic
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