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Likelihood
Definition Of Likelihood
Likelihood is the probable chances of occurrence of an event.
More About Likelihood
Different types of likelihood events:
A. Most likely event
B. Least likely event
C. Equally likely event
D. Uncertain Event
Video Examples: Maximum Likelihood Estimators Part 1
Example of Likelihood
When the spinner is spun once, the number 2 has a chance of occurring more number of times than the numbers 1, 3, and 4. So, the spinner landing on the number 2 is most likely to occur.
Solved Example on Likelihood
Ques: The alphabets of the word 'MISSISSIPPI' are placed in a bowl. Which alphabet is least likely to be picked?
Choices:
A. M
B. P
C. I
D. S
Correct Answer: A
Solution:
Step 1: Number of times S and I occur in the word MISSISSIPPI is 4.
Step 2: Number of times M occurs in the word MISSISSIPPI is 1.
Step 3: Number of times P occurs in the word MISSISSIPPI is 2.
Step 4: The alphabet that is least likely to be picked is the one which occurs the least number of times.
Step 5: So, the alphabet which is least likely to be picked is M.