https://doi.org/10.1351/goldbook.C01246
The @P04855@ of covering the @M03796@ of an estimated parameter with an interval estimated for the parameter (symbol \(1 - \alpha\)). The confidence level can be expressed as a number between 0 and 1, or in @P04483@. The complementary quantity is known as the significance level.
Note:
In some cases the confidence level is dictated by the needs of the situation. In all other instances, use of \(1 - \alpha = 0.95\) is recommended.
In some cases the confidence level is dictated by the needs of the situation. In all other instances, use of \(1 - \alpha = 0.95\) is recommended.