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Created page with "Likelihood is a term used to describe the probability or chance of something happening. It is often used in statistics and risk assessment to evaluate the probability of a particular event occurring. In this article, we will explore the concept of likelihood, how it is calculated, and how it is used in various contexts. ==Calculating Likelihood== *Likelihood is often expressed as a percentage or probability, ranging from 0% (meaning no chance of the event oc..."
