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Glossary of probability and statistics

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❶Translation of probability for Arabic speakers Britannica.

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Terms Event - A subset of the outcomes of a process. For instance, the set of outcomes {2, 4, 6} when rolling a die is an event that one might call "rolling an even number".

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The probability of some event A, assuming event B. Conditional probability is written P(A|B), and is read "the probability of A, given B" conditional probability distribution confidence interval In inferential statistics, a CI is a range of plausible values for some parameter, such as the population mean.

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Probability in everyday life, we come across statements such as: (i) Most probably it will rain today. (ii) Chances are high that the prices of petrol will go up. Start studying Probability Terms. Learn vocabulary, terms, and more with flashcards, games, and other study tools.

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Probability and Odds: The probability of an event is a measure of the likelihood that the event will occur. If an experiment’s outcomes are equally likely to occur, then the probability of an event E is the number of outcomes in E divided by the number of outcomes in the Sample Space. Probability is the measure of the likelihood that an event will occur. See glossary of probability and statistics. Probability is quantified as a number between 0 and 1, where, loosely speaking, 0 indicates impossibility and 1 indicates certainty. The higher the probability of an event, the more likely it is that the event will occur. A simple example is the tossing of a fair (unbiased) coin.