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.
[1] http://en.wikipedia.org/wiki/Likelihood_function
[2] http://en.wikipedia.org/wiki/Bayes%27_theorem#Events
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.