Credible interval

{
  "id": "MLC-T-ENV-006879",
  "term": "Credible interval",
  "field": "Environment",
  "term_source": "Credible Interval",
  "definition": "A range of values that represent plausible bounds on a population parameter. Credible intervals may describe a parameter of an input variable (e.g., mean ingestion rate) or output variable (e.g., 95th percentile risk). The term is introduced as an alternative to the term confidence interval when the methods used to quantify uncertainty are not based entirely on statistical principles such as sampling distributions or Bayesian approaches. For example, multiple estimates of an arithmetic mean may be available from different studies reported in the literature - using professional judgment, these estimates may support a decision to describe a range of possible values for the arithmetic mean.",
  "subject": "Measurements",
  "references": [
    "EPA Definitions of Terms Relevant to PRA and References for Further Reading at http://www.epa.gov/oswer/riskassessment/rags3adt/pdf/appendixe.pdf"
  ],
  "url": "https://mlchart.com/terminology/environment/credible-interval/"
}