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The confidence level refers to the probability that a statistical estimate, such as a confidence interval, contains the true population parameter, commonly expressed as a percentage (e.g., 95%). In contrast, the significance level (often denoted as alpha, α) is the threshold used in hypothesis testing to determine whether to reject the null hypothesis, typically set at values like 0.05 or 0.01. While the confidence level reflects the reliability of an estimate, the significance level indicates the risk of making a Type I error (incorrectly rejecting a true null hypothesis). Essentially, confidence levels relate to estimation, while significance levels pertain to hypothesis testing.

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1mo ago

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