When we estimate population mean, we have several choices for confidence level (degree of?

... confidence). For example, we can consider 90%, 95%, 97%, 99% and so on. If confidence level (degree of confidence) is the probability that the co

... confidence). For example, we can consider 90%, 95%, 97%, 99% and so on. If confidence level (degree of confidence) is the probability that the confidence interval actually does contain the population parameter, why not use 99% degree of confidence all the time in which gives us more confidence about our results?

or:... confidence). For example, we can consider 90%, 95%, 97%, 99% and so on. If confidence level (degree of confidence) is the probability that the confidence interval actually does contain the population parameter, why not use 99% degree of confidence all the time in which gives us more confidence about our results?

Tags:probability,