Probability vs Likelihood in 60 Seconds
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YouTubeDataMListic
Probability vs Likelihood in 60 Seconds
Same formula, two completely different questions — depending on which variable you hold still. Fix the parameter and let the data vary, and you're doing probability. Fix the data and let the parameter vary, and you're doing likelihood. The bars sum to one; the likelihood curve doesn't — because it's still a probability of the data, just not ...
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