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fix CIs definition (#77)
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storopoli authored Jan 27, 2023
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9 changes: 6 additions & 3 deletions _literate/02_bayes_stats.jl
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# that you performed a statistical analysis to compare the effectiveness of a public policy in two groups and you obtained
# the difference between the average of those groups. You can express this difference as a confidence interval. We generally
# choose 95% confidence (since it is analogous as $p < 0.05$). You then write in your paper that the "observed difference between
# groups is 10.5 - 23.5 (95% CI)." This means that 95 studies out of 100, which would use the same sample size and target population,
# applying the same statistical test, will expect to find a result of mean differences between groups between 10.5 and 23.5. The
# units here are arbitrary, but to conclude the example we assume that they are life expectancy.
# groups is 10.5 - 23.5 (95% CI)."
# This means that approximately 95 studies out of 100 would compute a confidence interval that contains the true mean difference
# –- but it says nothing about which ones those are (whereas the data might).
# In other words, 95% is not the probability of obtaining data such that the estimate of the true parameter is contained in the interval that we obtained,
# it is the probability of obtaining data such that, if we compute another confidence interval in the same way, it contains the true parameter.
# The interval that we got in this particular instance is irrelevant and might as well be thrown away.

# #### Confidence Intervals (Frequentist) vs Credible Intervals (Bayesian)

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