The user selects the confidence level. It could also be 90 or 99 or 99.9 or another value.
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Yes. Simply make sure that the interval is greater than or equal to the range of the random variable.
decrease
70 percent is the greater discount.
35% of 60 is the greater amount.
1 percent is less than 25 percent. 1 percent is greater than 0.25 percent.