confidence interval
(statistics) a range of values for which you are x percent confident contains the correct answer. answers to a statistical question which are ranged from the lowest likely value to the highest; answers outside of this range are highly unlikely.
presupposes that you are estimating a value based on sample data, and the sample data has a genuinely random variance.
usually the confidence interval is for a 95% confidence, meaning there is only a 5% probability that the true value is outside the interval.
anna: i’ve been driving your car for about a month.
james: and what you think is the mpg?
anna: it’s probably about 25 mpg, with a 95% confidence interval of 19.5 to 32 mpg.
james: holy cow! any prussians in your family tree?
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