LIKELIHOOD


Meaning of LIKELIHOOD in English

n.

or chance

In mathematics, a subjective assessment of possibility that, when assigned a numerical value on a scale between impossibility (0) and absolute certainty (1), becomes a probability (see probability theory ).

Thus, the numerical assignment of a probability depends on the notion of likelihood. If, for example, an experiment (e.g., a die toss) can result in six equally likely possible outcomes, the probability of each is 1 6 .

Britannica Concise Encyclopedia.      Краткая энциклопедия Британика.