Likelihood is a function of how likely an event is, which is weaker than probability (or odds in favor).
In statistics, a likelihood function is a function of the parameters of a statistical model, defined as follows: the likelihood of a set of parameter values given some observed outcomes is equal to the probability of those observed outcomes given those parameter values. Likelihood functions play a key role in statistical inference, especially methods of estimating a parameter using a statistics (a function of the data).
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Famous quotes containing the words likelihood and/or function:
“What likelihood is there of corrupting a man who has no ambition?”
—Samuel Richardson (1689–1761)
““... The state’s one function is to give.
The bud must bloom till blowsy blown
Its petals loosen and are strown;
And that’s a fate it can’t evade
Unless ‘twould rather wilt than fade.””
—Robert Frost (1874–1963)