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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It is called PROBABILITY.
It is called empirical or experimental probability.
It is called the probability of the set of outcomes!
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.
It is called 'Experimental Probability'.