The conversation between human and AI assistant.
What is the difference between probability and likelihood?
That makes sense. Is it possible for probability and likelihood to be the same thing?
It's possible, but not very common. In order for probability and likelihood to be the same, you would need a situation where all outcomes were equally likely. For example, if you toss a fair coin, the probability of landing heads is 50%, and the likelihood of landing heads is also 50% because there are no other factors that would affect the outcome.