Compare two fundamental approaches to statistical inference
Higher = stronger prior belief (more data needed to change your mind)
Bayesian Credible Interval: "There is a 95% probability that the true parameter lies in this interval" (direct probability statement)
Frequentist Confidence Interval: "If we repeated this procedure many times, 95% of intervals would contain the true parameter" (statement about the procedure)
Bayesian Posterior: Updated belief about the parameter after seeing the data
Frequentist P-value: Probability of seeing data this extreme if the null hypothesis (p=0.5) were true