Question

Which of the following is a property of likelihood?

(a) Ratios of likelihood values measure the relative evidence of one value of the unknown parameter to another

(b) Given a statistical model and observed data, all of the relevant information contained in the data regarding the unknown parameter is contained in the likelihood

(c) The Resultant likelihood is multiplication of individual likelihood

(d) All of the mentioned

The question was asked in unit test.

Question is from Likelihood in chapter Statistical Inference and Regression Models of Data Science

Answer 1

Right answer is (d) All of the mentioned

Easiest explanation - Likelihood is the hypothetical probability that an event that has already occurred would yield a specific outcome.