Confidence level is a degree of confidence expressed as percents like 90%, 95% and 99% prior assigned to the data before the confidence interval is calculated.
In modern business practice, a letter of credit (LC) also known as a Documentary Credit, is a written commitment by a bank issued after a request by an importer (foreign buyer) that payment will be made to the beneficiary (exporter) provided that the terms and conditions stated in the LC been met, as evidenced by the presentation of specified ...
Note that students in the College of Engineering & Applied Sciences follow a modified DEC. Students who complete DEC A, DEC C, and skill 3 (101, 112 or higher level of a language) must earn a C or better to satisfy the requirement; all other DEC categories must be passed with a D or better to satisfy the requirement. Students following the SBC must complete 18 of 19 required objectives.