Confidence vs. Precision - F10 10 From STA3032-20Fall 0W6266 unread replies.66 replies. Our text describes a trade-off that we must make as engineers between our confidence in the value of a parameter versus the precision with which we know the value of that parameter. That trade-off might be affected by whether we are looking at a two-sided or bounded (one-sided) interval. Discuss your interpretation of the confidence-precision trade off, and provide a few examples of how you might make a choice in one direction or the other in an engineering situation. Response Guideline Post your response of 1-3 paragraphs (about 100-200 words) by the due date for this discussion assignment, and then reply to at least two initial responses of your peers during the remainder of the unit, particularly focusing on responses that might differ from your own. Also respond appropriately to anyone who posts questions against your own postings. Discuss the content! Keep responses focused on the substance of the issue, not simply on agreeing with a comment or encouraging each other.