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Universal confidence interval
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Here’s a way to find a 95% confidence interval for any parameter θ. With probability 0.95, return the real line. With probability 0.05, return the empty set. Clearly 95% of the time this procedure will return an interval that contains θ. This example shows the difference between a confidence interval and a credible interval. A […] The post Universal confidence interval first appeared on John D. Cook.
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