The method of confidence belts illustrated

What is a confidence interval, really? We all learnt in undergrad how to find CIs for a standard distribution, but plugging numbers into equations never gave me a deep intuition for what was really going on. A worded definition is probably more helpful. Paraphrasing a bit from Wikipedia, we can think of the meaning of the confidence interval in terms of the procedure that we … Continue reading The method of confidence belts illustrated