The password in my outlook.com email setting is wrong. How do I correct it?

While trying to complete my Microsoft Account email set up, I notice that the password in the out look .com email setting is incorrect. It does not have enough dots to be my email password. How can I change this password to my own? My Yahoo email is just fine. Microsoft can not send me an email to verify my email address. I believe this is the problem. Also I can't get my email accounts to sync .