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).

Business Tips

Include Fun In Your Definition of Success

Don't think about a potential venture just in terms of the time commitment, the cost, the probability of success etc. but also think about whether you will have fun doing it. You can't do something fo ... Read more

Related Videos




http://www.businessdictionary.com/definition/probability.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z