probability
Definition
Quantifiable likelihood (chance) of the occurrence of an event expressed as odds, or a fraction of 1. Probability is estimated usually through repeated random sampling, and is represented numerically as between 0 (impossibility) and 1 (certainty).
probability is in the Statistics, Mathematics, & Analysis subject.
probability appears in the definitions of the following terms:
transaction risk,
cumulative probability distribution,
issuer risk,
stochastic effect,
Markov analysis,
odds,
operational risk,
risk analysis,
uncertainty,
probabilistic
and
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