Credible Intervals versus Confidence Intervals
Suppose you have data $X_i | \mu, \sigma^2 \sim N(\mu, \sigma^2)$, for $i = 1, ..., n$, i.e, $n$ normally
distributed data points with mean $\mu$ and variance $\sigma^2$ (or standard deviation $\sigma$). Assume you
don't know $\sigma^2$, which is usually the case anyway.
Posted July 16, 2024