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if a statistician decides to construct using 90 percent C I over a 95% C I, it tells you that you have 10% chance of being wrong rather than 5% chance of being wrong while using the 95%.
What is the percentage?
It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.
A confidence interval is a range that shows how precise the measurement is.
if a statistician decides to construct using 90 percent C I over a 95% C I, it tells you that you have 10% chance of being wrong rather than 5% chance of being wrong while using the 95%.
Also a 90 percent confidence interval would be narrower than a 95 percent confidence interval
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