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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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What is the study of probability called?
It is called PROBABILITY.
When probability is determined by personal experimentation and testing it is called probability.?
It is called empirical or experimental probability.
In probability a set of outcomes is called?
It is called the probability of the set of outcomes!
A probability found as a result of an experiment?
Probability determined as part of an experiment is called experimental probability. Probability determined by analysis of all of the possible and expected outcomes is called theoretical probability.
What is probability that is based on data?
It is called 'Experimental Probability'.
