What does likely mean in probability?

Hint: Now the probability of an event is nothing but the chances of something happening. Hence we understand the concept of probability. Now we know that probability is given by $\dfrac{\text{number of favorable outcomes}}{\text{total outcomes}}$ . Hence probability is nothing but likelihood of an event.

Complete step by step solution:
Now let us first understand the concept of probability. Probability is a branch of Mathematics in which we deal with the chances of occurrence of an event. Now probability gives us the possibility of something to happen. Probability of an event happening is given by the ratio of number of favorable and total outcomes.
Now let us understand the concept with the help of an example.
Now let us say we want to calculate the probability of getting a tail on the experiment of tossing the coin.
Now if a coin is tossed there are two favorable outcomes: heads and tails. Hence the total number of outcomes is 2.
Now similarly the favorable outcome is getting a tail. Hence the number of favorable outcomes is 1.
Hence the probability of getting a tail is $\dfrac{1}{2}$ . Hence likelihood of getting a tails is $\dfrac{1}{2}$
Hence we have probability of something to happen.
Hence likely in probability means the possibility of something.

Note: Now note that probability of an event is a ratio. The ratio always lies between the interval $\left[ 0,1 \right]$ . Note if the probability is 1 then the event surely happens similarly if the probability is 0 then the event will surely not happen.