level of confidence

Level of Confidence Meaning

What is meant by the term level of confidence?

The term "level of confidence" refers to the probability or certainty that something is true or accurate. It's often expressed as a percentage. Here's a breakdown of the concept: Understanding Confidence: Imagine you're flipping a fair coin. There's a 50% chance it will land on heads and a 50% chance it will land on tails. In this scenario, you can be 50% confident that the next flip will result in...

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