Etymology and Origin
The word "probability" comes from the Latin word "probabilis," meaning "likely, credible, or reasonable." It is derived from the verb "probare," meaning "to prove, test, or approve."
Meaning
Probability refers to the measure of the likelihood or chance of an event or outcome occurring. It is expressed quantitatively as a value between 0 and 1, where:
Usage
Probability is a fundamental concept in various fields, including:
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