Frequentists believe that a probability, , associated with a specific possible outcome of an observable occurrence or process, is simply telling you that, could you observe this occurrence (or process) infinitely many times, the fraction of such observations that would yield that specific outcome is . Using the age-old coin toss example: tossing the coin is the occurrence or process and recording a Heads or Tails are the two observation. The number 0.5 tells a Frequentist that, in the pursuit of infinitely many coin tosses, the ratio of Heads recorded to the number of tosses performed asymptotically approaches 0.5. And that’s all! The value should not be interpreted as the most likely outcome for the next observation or sample taken from the process (though I’ve always wondered how a Frequentist would gamble…).…