September 2024
Intermediate to advanced
501 pages
17h 6m
English
This chapter explores an alternative interpretation of statistics—Bayesian statistics—and the methods associated with this interpretation. In contrast to the frequentist statistics used in Chapter 13 and Chapter 14, Bayesian statistics treats probability as a degree of belief rather than as a measure of the proportions of observed outcomes. This different point of view gives rise to distinct statistical methods we can use in problem-solving. While it is generally true that statistical problems can, in principle, ...