Definition, Meaning & Synonyms
statistical probability
Noun
/stəˈtɪs.tɪ.kəl prəˈbɑː.bɪ.lɪ.ti/
Definition
Statistical probability refers to the likelihood of an event occurring based on the analysis of past data or statistical models.
Examples
- The statistical probability of rolling a six on a fair die is 1/6.
- By analyzing the data, we can assess the statistical probability of the vaccine’s effectiveness.
- In this casino game, players often calculate the statistical probability to make informed bets.
Meaning
It provides a quantitative measure of how likely an event is to happen, often expressed as a number between 0 (impossible) and 1 (certain).
Synonyms
- chance
- likelihood
- probability
- odds
