True or False❓
- A 95% CI contains the true value of the population parameter with a 95% probability.
- The width of the CI provides a measure of the precision of the estimate.
- Values lying within the boundaries of the CI are more likely than others.
☣️ If you answered “True” to any of the above statements, this is a must read paper to understand what confidence intervals truly mean.
📚 Morey, R.D., Hoekstra, R., Rouder, J.N. et al. The fallacy of placing confidence in confidence intervals. Psychon Bull Rev 23, 103–123 (2016). https://lnkd.in/eGZkX-uT