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It is a 70% likelihood
It is a measure of the likelihood of that event occurring, as a proportion of all possible outcomes.
I think that the word you are looking for is 'probability.'
the extent to which something is probable; the likelihood of something happening or being the case. the chance that something will happen the likelihood of an event occurring
It is a number expressing the likelihood of the occurrence of a given event, especially a fraction expressing how many times the event will happen in a given number of tests or experiments.