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A number that describes what could happen is often referred to as a probability. Probabilities quantify the likelihood of various outcomes, expressed as a value between 0 and 1, where 0 indicates impossibility and 1 indicates certainty. For example, a probability of 0.7 suggests a 70% chance that a certain event will occur. This numerical representation helps in decision-making and risk assessment across various fields, from finance to science.

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