What Is Confidence Coefficient? How Is It Useful? mypostlive.com

Another name of the confidence coefficient is confidence level. Both are the same things with a minor difference. In terms of confidence level, it is the value stated as a proportion instead of a percentage. For example, the coefficient of 95% confidence level is 0.95. Generally, the relation between the accuracy of the research results and this coefficient is direct. The higher it is, the more certain you will be that your research results are accurate. For example, a coefficient of 0.99 depicts that results are more accurate than a coefficient of 0.89. A coefficient of 1 is impossible because it says that all the results are accurate and there is no error, which is practically not possible