Probability and likelihood?

Question

What’s the difference between probability and likelihood?

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Pragya Rani 55 years 1 Answer 733 views Contributor 0

Answer ( 1 )

  1. In non-technical parlance, ”likelihood” is usually a synonym for “probability”, but in statistical usage, there is a clear distinction in perspective: the number that is the probability of some observed outcomes given a set of parameter values is regarded as the likelihood of the set of parameter values given the observed outcomes.

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