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The likelihood function is $L(p) = \binom{10}{7} \cdot p^7 \cdot (1-p)^3$. It represents the probability of observing 7 heads and 3 tails as a function of the unknown parameter $p$, the probability of heads.

Conditions: The number of tosses $n=10$.; The observed number of heads $k=7$.; $p$ is the probability of heads on a single toss.

The likelihood function is $L(p) = \binom{10}{7} \cdot p^7 \cdot (1-p)^3$. It represents the probability of observing 7 heads and 3 tails as a function of the unknown parameter $p$, the probability of heads.

Conditions: The number of tosses $n=10$.; The observed number of heads $k=7$.; $p$ is the probability of heads on a single toss.