Intel Naming Explained! (i3, i5, i7, i9)

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After uploading, I caught an error in my comparison between the i7-8700 and the i7-8550u. I mislabeled the i7-8700 and represented both with i5’s...
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Intel Website: https://www.intel.com/content/www/us/...
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How and why do Intel name their CPU's the way they do? How does an i7-8700k compare to an i5-8400? How do the different Coffee Lake processors compare, and how can you tell based on they are  named?
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HAPPY NEW YEAR! Hope everyone has a fantastic 2018!

Music:

Destiny Day by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/...)
Source: http://incompetech.com/music/royalty-...
Artist: http://incompetech.com/

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