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==Standard deviation and Variance==
As a natural sense, the highest chance of set of parameters, i.e., the most likely set of parameters (the parameters with the maximum ''likelihood'') is taken into account and is used to make the relevant equation. That is the maximum likelihood estimation method.
On the contrary to that the above-mentioned (conditional) ''probability'' fixes the parameters (hypothesis) and varies observations (data), ''likelihood'' fixes observations (data) and varies parameters (hypothesis).
