Tag: Confidence Interval
-
Why do we need Bayesian statistics? Part II — The lighthouse problem (tutorial)
Lighthouse.md Why do we need Bayesian statistics? Part II – The lighthouse problem (tutorial) Introduction Generating (synthetic) data Mean and standard deviation Bayesian Cauchy distribution Likelihood Prior Posterior Credible intervals Conclusion Introduction The lighthouse problem serves as a deceptively simple but captivating challenge in the field of statistics. As we shall explore, it subverts our…
-
Why do we need Bayesian statistics? Part I – Asserting if a coin is biased (tutorial)
Coins.md Why do we need Bayesian statistics Part I – Asserting if a coin is biased (tutorial) Introduction A short primer on Bayesian statistics Example – The (allegedly) biased coin The synthetic experiment Learning the heads probability through Bayes Credible intervals Mean and standard deviation Conclusion Introduction It is undeniable that there has been an…