**Probability** is a measure of the expectation that an event will occur or a statement is true. Probabilities are given a value between 0 (will not occur) and 1 (will occur). The higher the probability of an event, the more certain we are that the event will occur.

The concept has been given an axiomatic mathematical derivation in probability theory, which is used widely in such areas of study as mathematics, statistics, finance, gambling, science, artificial intelligence/machine learning and philosophy to, for example, draw inferences about the expected frequency of events. Probability theory is also used to describe the underlying mechanics and regularities of complex systems.

Read more about Probability: Interpretations, Etymology, History, Theory, Applications, Mathematical Treatment, Relation To Randomness

### Other articles related to "probability":

... Let X be a random sample from a

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**probability**distribution of X characterised by (θ, φ) ... (u(X), v(X)) covers the unknown value θ with a high

**probability**no matter what the true value of θ actually is ...

... Obviously, the

**probability**of an employee being chosen in one quarter is 25 percent ... Marilyn's response was The

**probability**remains 25 percent, despite the repeated testing ... chosen increases, but as long as the size of the pool remains the same, so does the

**probability**...

... Aldona Aleškevičienė (Statulevičienė) –

**Probability**theory and stochastic processes Raimundas Bentkus –

**Probability**theory and stochastic processes Vidmantas Bentkus ... Paulauskas –

**Probability**theory and stochastic processes Vytautas Statulevicius –

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**Probability**theory and stochastic processes ...

... In

**probability**theory and statistics, the triangular distribution is a continuous

**probability**distribution with lower limit a, upper limit b and mode c, where a < b and a ≤ c ≤ b ... The

**probability**density function is given by whose cases avoid division by zero if c = a or c = b ...

**Probability**- Relation To Randomness

... on Newtonian concepts, there would be no

**probability**if all conditions are known, (Laplace's demon) ...

**Probability**theory is required to describe quantum phenomena ...

### Famous quotes containing the word probability:

“The *probability* of learning something unusual from a newspaper is far greater than that of experiencing it; in other words, it is in the realm of the abstract that the more important things happen in these times, and it is the unimportant that happens in real life.”

—Robert Musil (1880–1942)

“Liberty is a blessing so inestimable, that, wherever there appears any *probability* of recovering it, a nation may willingly run many hazards, and ought not even to repine at the greatest effusion of blood or dissipation of treasure.”

—David Hume (1711–1776)

“Legends of prediction are common throughout the whole Household of Man. Gods speak, spirits speak, computers speak. Oracular ambiguity or statistical *probability* provides loopholes, and discrepancies are expunged by Faith.”

—Ursula K. Le Guin (b. 1929)