Question
Question 4
4) List the FOUR COMMON confidence levels that we used in ascending
order.
4) List the FOUR COMMON confidence levels that we used in ascending
order.
Ask by Gibbs Welch. in the United States
Nov 04,2024
Upstudy AI Solution
Tutor-Verified Answer
Answer
- 90%
- 95%
- 99%
- 99.9%
Solution
The four common confidence levels used in statistics, listed in ascending order, are:
- 90% Confidence Level
- 95% Confidence Level
- 99% Confidence Level
- 99.9% Confidence Level
These confidence levels indicate the degree of certainty that a parameter lies within a specified interval.
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The four common confidence levels typically used in statistics, listed from lowest to highest, are 80%, 90%, 95%, and 99%. An 80% confidence level means you’re 80% sure your findings are accurate, but there’s still a 20% chance of being wrong, which is quite a leap of faith if you ask me!
When researchers choose a higher confidence level, like 99%, they’re really tightening the screws on their certainty—meaning they’re less open to surprises. However, this high bar can also stretch your sample size, requiring more data or resources to back up that confident stance, making the journey both challenging and exciting!
