This post is definitely not an 101. It says "Move the cursor below to change the value of λ :" but never tells who alpha is. Not newbie friendly.
> "The goal is to find the model that minimzes (sp) this loss function."
Unless we're overloading the word "model" -- which is only going to confuse your intended audience -- this statement is incorrect. We're actually searching for the parameterization \alpha of the model that minimizes the loss function.
This isn't addressed in an article about regularization, yet it's a key point.