Asked by Savannah Koelsch on Sep 26, 2024
Prior probability is also called likelihood probability.
Prior Probability
The probability of an event or outcome before new data is collected, often used in Bayesian statistics.
Likelihood Probability
The probability of a particular outcome or set of outcomes given a specific model or hypothesis.
- Comprehend the ideas surrounding prior, posterior, and likelihood probabilities.
Learning Objectives
- Comprehend the ideas surrounding prior, posterior, and likelihood probabilities.