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I don't think they understand confidence intervals, or at least they think they do but they get it wrong. It's the same as misunderstanding p-value. Confidence
by mziel 11y ago
I don't think they understand confidence intervals, or at least they think they do but they get it wrong. It's the same as misunderstanding p-value.
Confidence interval of 95% means that the estimator produces an interval that contains true parameter with probability 95%. It's not equivalent to the credible interval.
https://stats.stackexchange.com/questions/2272/whats-the-difference-between-a-confidence-interval-and-a-credible-interval https://stats.stackexchange.com/questions/2272/whats-the-dif...