Probability

The relative likelihood of a particular outcome among all possible outcomes. The New York Times Financial Glossary
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probability prob‧a‧bil‧i‧ty [ˌprɒbəˈbɪlti ǁ ˌprɑː] noun probabilities _{PLURALFORM} [countable, uncountable]STATISTICS the chance that something will happen, calculated mathematically:• Companies may collaborate (= work together ) in working out loss probabilities.
• the influence of significant variables, including probability
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probability UK US /ˌprɒbəˈbɪləti/ noun [C or U] (plural probabilities)► the level of possibility that something will happen or is true: high/low/strong probability »There is a strong probability that the country will fall into recession again.
probability of sth »Spam filters calculate the probability of a message being spam.
assess/calculate/estimate the probabilities »They also estimated the probabilities of dividend increases and decreases under certain circumstances.
Financial and business terms. 2012.
Look at other dictionaries:
Probability — is the likelihood or chance that something is the case or will happen. Probability theory is used extensively in areas such as statistics, mathematics, science and philosophy to draw conclusions about the likelihood of potential events and the… … Wikipedia
probability — ► NOUN (pl. probabilities) 1) the extent to which something is probable. 2) a probable or most probable event. ● in all probability Cf. ↑in all probability … English terms dictionary
Probability — Prob a*bil i*ty, n.; pl. {Probabilities}. [L. probabilitas: cf. F. probabilit[ e].] [1913 Webster] 1. The quality or state of being probable; appearance of reality or truth; reasonable ground of presumption; likelihood. [1913 Webster] Probability … The Collaborative International Dictionary of English
probability — probability, probability distribution See distribution (statistical or frequency)}} ; sampling ; significance tests ; … Dictionary of sociology
probability — [präb΄ə bil′ə tē] n. pl. probabilities [MFr probabilité < L probabilitas] 1. the quality or state of being probable; likelihood 2. something probable 3. Math. the ratio of the number of times something will probably occur to the total number… … English World dictionary
probability — I noun anticipation, appearance of truth, believability, chance, conceivability, credibility, credibleness, expectation, fair chance, fair expectation, favorable chance, liability, liableness, likelihood, likeliness, odds, ostensibility,… … Law dictionary
Probability — [engl.], Wahrscheinlichkeit … UniversalLexikon
probability — (n.) mid 15c., quality of being probable, from O.Fr. probabilite (14c.) and directly from L. probabilitatem (nom. probabilitas), from probabilis (see PROBABLE (Cf. probable)). Meaning вЂњsomething likely to be trueвЂќ is from 1570s; mathematical… … Etymology dictionary
probability — [n] likelihood of something happening anticipation, chance, chances, conceivability, contingency, credibility, expectation, feasibility, hazard, liability, likeliness, odds, outside chance*, plausibility, possibility, practicability, prayer,… … New thesaurus
probability — noun ADJECTIVE ▪ high, real, strong ▪ There is a high probability that it will snow tonight. ▪ greater, increased ▪ low … Collocations dictionary
probability — The mathematics of probability is well understood. Probability is a non negative, additive set function whose maximum value is unity. What is harder to understand is the application of the formal notion to the actual world. One point of… … Philosophy dictionary