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Trick Question; events can have anywhere between 0% and 100% chance of happening, so therefor saying "an event" as an example would in fact be unanswerable.

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Is the likelihood that an event will occur?

The likelihood that an event will occur refers to the probability or chance of that event happening. It is often expressed as a fraction, decimal, or percentage, indicating how likely the event is compared to all possible outcomes. For example, a likelihood of 0.5 means there is a 50% chance the event will occur. Understanding likelihood helps in decision-making and risk assessment across various fields.


The likelihood that a specific event will occur is called?

probability


The likelihood that a specific event wil occur is called?

Probability


What is meant by the term probability?

Probability means - The likelihood that a particular 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.