Konfidensnivå
Konfidensnivå, often translated as confidence level, is a fundamental concept in statistical inference. It quantifies the uncertainty associated with a statistical estimate, such as a confidence interval. A specific confidence level, commonly expressed as a percentage (e.g., 95%), indicates the proportion of times that an interval constructed using a particular method would contain the true population parameter if the same study were repeated many times.
For instance, a 95% confidence interval means that if we were to draw an infinite number of
The choice of confidence level is a trade-off between precision and certainty. A higher confidence level, such