Definition, Meaning & Synonyms
relative probability
noun
/ˈrɛlətɪv ˈprɒbəbɪlɪti/
Definition
Relative probability refers to the likelihood of an event occurring in comparison to other possible events within a specific context.
Examples
- The relative probability of rain today is higher than it was yesterday.
- When evaluating gambling odds, players often consider the relative probability of winning various bets.
- In this experiment, we looked at the relative probability of success for each of the different methods tested.
Meaning
It helps in understanding how probable one event is when considered alongside others, rather than in isolation.
Synonyms
- comparative likelihood
- probability ratio
- event probability
