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What is the difference between "likelihood" and "probability"?
The wikipedia page claims that likelihood and probability are distinct concepts. In non-technical parlance, "likelihood" is usually a synonym for "probability," but in statistical usage there is a clear distinction in perspective: the number that is the probability of some observed outcomes given a set of parameter values is regarded as the likelihood of the set of parameter values given the observed outcomes. Can someone give a more down-to-earth description of what this means? In addition, some examples of how "probability" and "likelihood" disagree would be nice.
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