Likelihood

Likelihood refers to the probability or chance that a particular event or outcome will occur, often based on available evidence or data. In everyday terms, it’s about assessing how plausible or likely something is. For example, if the weather forecast says there’s a 70% likelihood of rain tomorrow, it means that, based on past weather patterns, it’s fairly probable that it will rain. Likelihood helps us make informed decisions by weighing the chances of various possibilities, whether in predictions, statistics, or everyday choices.