Likelihood in Common Probability Distribution Formulas

Likelihood in risk determination refers to the probability or chance of a specific risk event occurring within a given timeframe or under certain conditions. And is denoted by L.

Common Probability Distribution formulas that make use of Likelihood

fxRisk DeterminationGo

FAQ

What is the Likelihood?

Likelihood in risk determination refers to the probability or chance of a specific risk event occurring within a given timeframe or under certain conditions.

Can the Likelihood be negative?

{YesorNo}, the Likelihood, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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