English Lexicon

Theory of Probability

/ˈθɪəri əv prəˈbæbɪlɪti/
nounCEFR C1 (Advanced)Top #1500 frequency
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2 senses
As noun
  1. 1

    A mathematical framework for quantifying the likelihood of various outcomes.

    "In statistics, the theory of probability is essential for making predictions based on data."
  2. 2

    The study of randomness and uncertainty in various contexts.

    "The theory of probability helps in understanding risk in financial markets."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'theory' originates from the Greek 'theoria', meaning 'contemplation' or 'speculation', while 'probability' comes from the Latin 'probabilitas', which refers to the quality of being probable. The concept evolved through the Renaissance as mathematical principles began to formalize uncertainty.

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