a fluctuating scale of values, utilized for approximating the value of a populace quantity from information acquired in a test example, with a predetermined, steady likelihood that the quotient will hold the authentic value of the populace quantity being gauged. Most of this kind of study is completed on test examples, but it is performed in effort to come to implications regarding the whole populace, not just the test example.
CONFIDENCE INTERVAL: "Confidence intervals, when employed correctly, are generally pretty accurate."
