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DIFFERENCE BETWEEN PROBABILITY AND LIKELIHOOD (i2tutorials)

What is the difference between Probability and Likelihood?

Probability is the percentage that a success occurs. For example, we do the binomial experiment by tossing a coin. We suppose that the event that we get the face of coin in success, so the probability of success now is 0.5 because the probability of face and back of a coin is equal. 0.5 is the probability of a success.

Likelihood is the conditional probability. The same example, we toss the coin 10 times, and we suppose that we get 7 success (show the face) and 3 failed (show the back). Therefore, Likelihood is the probability(conditional probability) of an event (a set of success) occur by knowing the probability of a success occur.

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