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It is also called chance and likelihood, these are often used interchangeably. Expresed in decimals or fractions and it can assume any number from 0 to 1. Closer to 0 the less likely the event will happen. Closer to 1 the probability will most likely happen. Therefore, there are only two probabilities that even will occur or not.

The start of the word 'Probability' is also the start of the word 'Probable' which means 'likely'.

At a guess, the word 'Probability' derives from the Latin word 'Probabilis'.

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Q: Why is probability called probability?
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