A tolerance interval is a statistical interval constructed to contain at least a specified proportion of a population with a specified
confidence level. If
is the distribution function of a continuous
distribution, a two-sided
tolerance interval
is designed so that
The probability is over the randomness of the sample used to construct and
.
A tolerance interval differs from a confidence interval, which estimates a population parameter, and from a prediction interval, which is designed to contain one or more future observations.