PROBABILITY

Probability

Probability is a measure or estimation of likelihood of occurrence of an event. Probabilities are given a value between 0 and 1 . The higher the degree of probability, the more likely the event is to happen, or, in a longer series of samples, the greater the number of times such event is expected to happen.

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probability

Noun

  1. the state of being probable; likelihood
  2. an event that is likely to occur
  3. the relative likelihood of an event happening
  4. a number, between 0 and 1, expressing the precise likelihood of an event happening


The above text is a snippet from Wiktionary: probability
and as such is available under the Creative Commons Attribution/Share-Alike License.

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