Understanding Hypothesis Testing: Frequentist vs Bayesian Approaches

Statistics is a field that is considered boring by a lot of people, including a huge amount of mathematicians. This may be because the history of statistics starts in a sort of humdrum way: collecting information on the population for use by the state. However, it has blossomed into a beautiful field with its fundamental roots in measure theory, and with some very interesting properties. So what is statistics? What is Bayes' theorem? And what are the differences between the frequentist and Bayesian approaches to a problem?

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