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The likelihood that a specific event wil occur is called?
Probability
What is the definition of probability?
The likelihood that a particular event will occur is called probabilityThe ratio of the wanted outcomes divided by the possible outcomes gives a fraction or ratio usually expressed as a percentage.The likelihood of an event occuring.
What is meant by the term probability?
Probability means - The likelihood that a particular event will occur.
What does the term probability mean?
It is a measure of how likely it is that a specific event will occur.It is a measure of how likely it is that a specific event will occur.It is a measure of how likely it is that a specific event will occur.It is a measure of how likely it is that a specific event will occur.
Which value shows a greater probability that the result did not occur by chance 0.05 or 0.001?
In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.In the context of significance tests, the value of 0.001 indicates a lesser likelihood that the event occurred by chance, that is a greater probability that it did not occur by chance.
