Confidence level definition

Confidence level means the statistical reliability of the sampling parameters used to estimate the proportion of payment errors (overpayment and underpayment) in the universe under review.

Confidence level means the probability that an overpayment or underpayment rate determined from a random sample of charges is less than or equal to the rate that exists in the universe from which the sample was drawn.

Confidence level means the probability that the true value of a parameter is within a certain interval around the estimate of its value;

Examples of Confidence level in a sentence

• The failure rate is 0.5 % /1000 h (Confidence level : 60 % based on JIS C 5003.

• Confidence level of employee’s increases when this sense develops that organization value their work and contributions.

• The calculation of the absolute VaR is carried out in accordance with the following parameters: - Confidence level of 99%;- VaR horizon of 20 business days;- Effective observation period of risk factors of 250 business days;- Daily data set updates; and- Daily calculation and monitoring of VaR levels.

• The failure rate is 0.5 %* / 1000 h (Confidence level : 60 % based on JIS C 5003.

• Confidence level – Used in conjunction with the margin of error, the confidence level establishes a level of certainty that the true mean lies within the margin of error.

More Definitions of Confidence level

Confidence level means a statistical procedure for determining the degree of reliability for use in reporting the assessment ratio for a taxing jurisdiction;

Confidence level means the probability of detecting evidence of at least one infected marine organism within the population of marine organisms tested at an assumed prevalence level of the agent.

Confidence level means a statistical procedure for

Confidence level means the required degree of confidence in a statistical test or confidence interval.

Confidence level means the probability that the true value of a parameter is within a certain interval around the estimate of its value.Note: The interval is usually referred to as the accuracy of the estimate.

Confidence level means the percentage of confidence intervals that would be expected to contain the actual overpayment amount if repeated sampling were to occur.

Confidence level means the probability of detecting evidence of at least one infected fish within the population of fish tested at the respective prevalence levels of the agent.