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A confidence interval is an interval that covers an unknown parameter with $100(1-\alpha)\%$ confidence. Confidence intervals are a frequentist concept. They are often confused with credible intervals which is the Bayesian analog.

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Adjusting the confidence level after the experiment

The short answer is no. A big no-no is going back and re-adjusting your confidence intervals post-hoc (i.e. after you have done the experiment). See for example:http://blog.minitab.com/blog/michelle-p …
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