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What does likehood mean?

Looking for the meaning or definition of the word likehood? Here's what it means.

Noun
  1. (obsolete) likelihood
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Examples
When two or more models are taken for analysis which have the same number of the parameters, then for suitability selection log likehood function can be used.
The Commission is particularly concerned by the likehood that disabled people will be left on the sidelines as the economic recovery gathers momentum.
In any event, their inclusion decreases the likehood of finding a brand-name loss.
With high likehood ratio given level might serve as a support.

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