👉 Likehood is a measure of the probability that an event will occur. It's calculated by dividing the probability of the event occurring by its total probability, and then multiplying it by 100%.
For example, if you flip a coin 5 times and get heads each time, the likehood would be: (Head/Total Heads)
100% = 0.5
In statistics, likehood is also known as the "probability of an event" or the