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)
“Morality and its victim, the mother—what a terrible picture! Is there indeed anything more terrible, more criminal, than our glorified sacred function of motherhood?”
—Emma Goldman (1869–1940)