Definition
Probability refers to the measure of the likelihood that an event will occur. It is quantified as a number between 0 and 1, inclusive, where 0 indicates impossibility and 1 indicates certainty.
Parts of Speech
Pronunciation
In both dialects, "probability" is pronounced with the primary stress on the third syllable, "BIL." The pronunciation remains consistent across both American and British English, clearly articulating the word with emphasis on the "BIL" part.
Etymology
The term "probability" stems from the Latin "probabilitas," which means "provable", related to "probabilis" which signifies "approvable." Its modern sense developed in reference to the mathematical study of chances and likelihoods.
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Usage
Probability plays a central role in various fields, notably in statistics, mathematics, science, and finance. It provides a mathematical framework for modeling uncertainty and making predictions based on incomplete information.
Related Terms
Detailed Definition