2006-10-28 03:03:42 · 7 answers · asked by just someone 2 in Business & Finance ➔ Other - Business & Finance
It is a statistical term, indicating that 95 times out of 100 the sample accurately represents the actual population.
The larger the sample of a population the higher the confidence level.
2006-10-28 03:08:28 · answer #1 · answered by brad34471 3 · 0⤊ 0⤋
Its a standard measurement of confidence in a prediction from statistics. It means that 95 % of the time given the circumstances, a given result will occur. Its an expectation level. An example...flip a coin 100 times, it is 95 % likely that you will get between 45 and 55 heads.
2006-10-28 10:07:15 · answer #2 · answered by jxt299 7 · 0⤊ 0⤋
You can be 95% sure that things will happen the way being talked about, one chance in 20 they won't.
2006-10-28 10:05:51 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
Only 5% of the events could have happened by chance
2006-10-28 10:04:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Almost 100% confident. Almost in charge.
2006-10-28 10:04:38 · answer #5 · answered by Harsh Noise Wall 4 · 0⤊ 0⤋
a high lelvel but not complete?
2006-10-28 10:04:59 · answer #6 · answered by Bob F 2 · 0⤊ 0⤋
there is always some doubt
2006-10-28 10:05:05 · answer #7 · answered by blackratsnake 5 · 0⤊ 0⤋