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probability |
Also found in: Legal, Financial, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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probability /prob·a·bil·i·ty/ the likelihood of occurrence of a specified event, often represented as a number between 0 (never) and 1 (always) corresponding to the long-run frequency at which an event occurs in a sequence of random independent trials as the number of trials approaches infinity. probability, n 1. an increased likelihood that something will occur. n 2. a mathematic ratio of the number of times something will occur to the total number of possible occurrences. probability the basis of statistics. The relative frequency of occurrence of a specific event as the outcome of an experiment when the experiment is conducted randomly on very many occasions. The probability of the event occurring is the number of times it did occur divided by the number of times that it could have occurred. Defined as:$$\hbox{p}={\hbox{x}\over (\hbox{x+y})$$ where p?=?probability, x?=?positive outcomes, y?=?negative outcomes. prior probability estimation of the probability that a particular phenomenon or character will appear before putting the patient to the test, e.g. testing the probable productivity of a patient by testing its forebears. subjective probability the measure of the assessor's belief in the probability of a proposition being correct. |
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