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Question

What does likely mean in probability?


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Solution

Likely mean in probability:

  • A probability is the chance of an event to occur.

P(aneventoccurs)=NumberoffavorableoutcomesTotalnumberofoutcomes

  • If the event is "likely to occur, there are great chances that the event occurs.
  • The total probability is always equal to unity.
  • If the event is โ€œcertainโ€ to happen, the probability will be 1.
  • If the event is โ€œlikelyโ€ to happen, the probability will be between 12 and 1.
  • If the event has an โ€œequal chanceโ€ to happen or not, the probability will be 12.
  • If the event is โ€œunlikelyโ€ to happen, the probability will be between 0and 12.
  • If the event is โ€œimpossibleโ€ to happen, the probability will be 0.

Hence, the meaning of โ€˜ likely โ€™ is explained.


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