probability

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Probability

The relative likelihood of a particular outcome among all possible outcomes.

probability

the likelihood of a particular uncertain event occurring, measured on a scale from 0.0 (such an event is impossible) to 1.0 (such an event is certain to occur). People generally estimate probabilities on the basis of the relative frequency with which an event has occurred in the past, under given circumstances, and generalize from this past experience. In some circumstances it is easy to estimate the proportion of occasions on which an event occurs; for example, the probability of getting ‘heads’ when flipping a balanced coin is 0.5 because with such a coin in the long run we would get 50% ‘heads’ and 50% ‘tails’. In estimating probabilities in business situations, though, there may be no or only a few previous experiences that can be used to gauge the relative frequency of an event occurring. See also RISK AND UNCERTAINTY.
References in periodicals archive ?
Further, the hazard-following, probabilistic warnings presented unique challenges regarding the incorporation of PHI into both the on-air crawl and graphics system, which are currently optimized for binary polygons.
The porosity logs are predicted at well locations using the Artificial Neural Network (ANN), then through Probabilistic Neural Network (PNN) these porosity logs are extrapolated over the whole impedance volume (Liu and Liu, 1998).
iii) The probabilistic dynamic behaviour of each individual generator is identified by calculating several generator specific probabilistic indices.
Considerable contribution to the investigation of probabilistic methods, probabilistic substantiation of allowable stresses and strength safety and proposed calculation in the static and cyclic strength are used by many investigators [6-8].
The generic modular integrated probabilistic model of software reliability estimation and its modification for the multiversion software with the distributed architecture are adapted to the modern analysis and software development methods; in particular the option of application of the models for the software building following the object-oriented approach is presented there.
The chapter four is the crux of the book that explains the probabilistic models in detail.
Some generalized probabilistic weighted average operator with linguistic information
In this paper, some necessary definitions of sticker system and probabilistic sticker system are stated.
Recently, Merigo has suggested a new model, called the probabilistic weighted averaging (PWA) operator, which unifies weighted average with probability (Merigo, 2012a).
Probabilistic search for tracking targets; theory and modern applications.
Extant doctrine implicitly embraces expected value by allowing standing in settings where the harm is far from certain, and indeed merely probabilistic.