Likelihood (eikos, versimilis) captures the idea that something is likely to happen or to have happened. As a formal concept, it has appeared in jurisprudence, commerce and scholasticism long before it was given a rigorous mathematical foundation.
Read more about Likelihood: Likelihood Function
Famous quotes containing the word likelihood:
“What likelihood is there of corrupting a man who has no ambition?”
—Samuel Richardson (16891761)
“Sustained unemployment not only denies parents the opportunity to meet the food, clothing, and shelter needs of their children but also denies them the sense of adequacy, belonging, and worth which being able to do so provides. This increases the likelihood of family problems and decreases the chances of many children to be adequately prepared for school.”
—James P. Comer (20th century)