Here is my way of viewing inferential statistics so far:
- Sampling distribution - basic concept What's the point of inferential statistics here? Oh, well, estimating parameters! OK so here comes:
- Estimation: a. point estimation; b. interval estimation = confidence interval. Pretty well. But now comes:
- Hypothesis testing. Is there any link between confidence intervals and hypothesis testing or are they separate concepts? Is 'estimation' the link? How come? I can't see the link between estimation and hypothesis testing...