Bayesian updating formula World sexchat site

By the end of this article, you will have a concrete understanding of Bayesian Statistics and its associated concepts. Therefore, it is important to understand the difference between the two and how does there exists a thin line of demarcation!

It is the most widely used inferential technique in the statistical world.

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For different sample sizes, we get different t-scores and different p-values.

I’ve tried to explain the concepts in a simplistic manner with examples.

Prior knowledge of basic probability & statistics is desirable.

But measured against a sample (fixed size) statistic with some stopping intention changes with change in intention and sample size.

i.e If two persons work on the same data and have different stopping intention, they may get two different for the same data, which is undesirable.

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