Confidence Level - The Painless Way to Better Estimates

Sometimes estimates and risk analysis results seem completely out of proportion to the task or situation being analyzed. This often happens when the person doing the analysis has incomplete information - the natural response is to make the estimate large enough to cover the uncertainty. Using confidence level can help identify the missing pieces and enable to the estimator or assessor to provide much more accurate information.

from Business Articles from EzineArticles.com http://ift.tt/1IQowxc