**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

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### Famous quotes containing the word probability:

“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)

“Crushed to earth and rising again is an author’s gymnastic. Once he fails to struggle to his feet and grab his pen, he will contemplate a fact he should never permit himself to face: that in all *probability* books have been written, are being written, will be written, better than anything he has done, is doing, or will do.”

—Fannie Hurst (1889–1968)

“Only in Britain could it be thought a defect to be “too clever by half.” The *probability* is that too many people are too stupid by three-quarters.”

—John Major (b. 1943)