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).

Use probability in a sentence

Related Videos




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

Have a question about probability? Ask for help in the
Community
advertise here

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