Comment Comment by elliott34 Does the author have something backwards or do I?P(RateOfSuccess|Successes) = Beta(α,β)"In Bayesian terms, C3PO's estimate of the true rate of success given observed data is referred to as the likelihood."BUT we know likelihood(rateofsuccess|data) = probability(data|rate of success).I am confused. parent elliott34 11 years ago
P(RateOfSuccess|Successes) = Beta(α,β)
"In Bayesian terms, C3PO's estimate of the true rate of success given observed data is referred to as the likelihood."
BUT we know likelihood(rateofsuccess|data) = probability(data|rate of success).
I am confused.