The conversation between human and AI assistant.
What is the difference between probability and likelihood?
Can you give me an example of when we might use probability versus likelihood?
Sure! Let's say you're playing a game of poker. You can calculate the probability of getting a certain hand by determining the number of possible combinations that would result in that hand and dividing it by the total number of possible combinations. On the other hand, you might assess the likelihood of your opponent having a certain hand based on their betting patterns and the cards that have been dealt.