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1. The probability that the interval estimation procedure will generate an interval that does not contain the actual value of the population parameter being estimated is the confidence coefficient.

   What is a confidence coefficient?

   In statistics, this means the confidence level that is stated as a proportion rather than as a percentage.

   For instance, if we had a confidence level of 99%, the confidence coefficient would be 0.99.

   Therefore, the higher the coefficient, the more certain you are that your results are accurate.

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