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Fractional probability refers to the concept of expressing probability values as fractions, where the numerator represents the number of favorable outcomes and the denominator represents the total number of possible outcomes. This allows probabilities to be quantified in a way that can easily illustrate the likelihood of an event occurring. For example, if there are 2 favorable outcomes out of 10 total outcomes, the fractional probability is 2/10, which can also be simplified to 1/5. This representation is useful in various applications, including statistics and risk assessment.

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