The common percentages used for confidence interval levels are 90%, 95%, and 99%. Some corresponding values of alpha are: 90% would be α = 0.10 = 10%, 95% would be α = 0.05 = 5%, and 99% would be α = ...The common percentages used for confidence interval levels are 90%, 95%, and 99%. Some corresponding values of alpha are: 90% would be α = 0.10 = 10%, 95% would be α = 0.05 = 5%, and 99% would be α = 0.01 = 1%. In this context, α, “alpha,” represents the complement of the confidence level, and its definition will be explained in the next chapter.
The common percentages used for confidence interval levels are 90%, 95%, and 99%. Some corresponding values of alpha are: 90% would be α = 0.10 = 10%, 95% would be α = 0.05 = 5%, and 99% would be α = ...The common percentages used for confidence interval levels are 90%, 95%, and 99%. Some corresponding values of alpha are: 90% would be α = 0.10 = 10%, 95% would be α = 0.05 = 5%, and 99% would be α = 0.01 = 1%. In this context, α, “alpha,” represents the complement of the confidence level, and its definition will be explained in the next chapter.