What is another word for statistical probability?

Pronunciation: [stɐtˈɪstɪkə͡l pɹˌɒbəbˈɪlɪti] (IPA)

Statistical probability is the likelihood of a particular event occurring, based on mathematical analysis and data. Synonyms for this term include probability, likelihood, chance, and odds. These terms all relate to the possibility of a particular outcome, calculated using statistical methods. The greater the statistical probability of an event occurring, the more likely it is that it will happen. Other related terms include frequency, which refers to how often something occurs, and risk, which refers to the likelihood of a negative outcome. These synonyms for statistical probability are commonly used in fields such as mathematics, statistics, and economics, where probability and likelihood play a major role in decision-making.

What are the hypernyms for Statistical probability?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Statistical probability

  • We often hear the phrases like "Universe is telling me with signs" or "karma is calling" or "kismet making connection" or "serendipity" or "chance" or"coincidence" and so on, whenever people refer to an unexpected life-changing event or a major scientific breakthrough that happened as an unintended consequence of otherwise normal course of actions. As a Scientist, I do think that any new invention doesn't happen by chance alone, as it may appear at the outset. Deeper analysis always reveals that any notable invention is almost alwaysa result of the synergistic meeting of statistical probability with well planned strategy, i. e. it's a combination of uncertainty with certainty that occurs at right time in right place. As Louis Pasteur said it 'Dans les champs de l'observation le hasard ne favorise que les esprits préparés.' meaning 'In the field of observations, chance favors theprepared mind.' So, keep your mind alert and well prepared at all times, because you never know when Serendipity would visit you, or when Universe would tap on your shoulder to give you the signs. Only your prepared mind would enable you to welcome wonderful Serendipity and understand the subtle signs sent to you by Universe.
    Deodatta V. Shenai-Khatkhate
  • We often hear the phrases like "Universe sending messages" or "Serendipity" whenever people describe an unexpected life-changing event, or an invention that happened unexpectedly as a totally unintended consequence of otherwise normal course of actions. As a Scientist, I do think that no new invention happens by either best design of experiments or coincidental chance taken alone. A deeper analysis always reveals that any notable invention is often the result of a synergistic meeting of statistical probability with well planned strategy, i. e. it's a combination of uncertainty with certainty that occurs at right time in right place. As Louis Pasteur said it correctly, "Dans les champs de l'observation le hasard ne favorise que les esprits préparés.' meaning 'In the field of observations, chance favors theprepared mind.' So, you must keep your mind alert, sharp and well prepared at all times, because you never know when Serendipity would visit you, or when Universe would tap on your shoulder to give you the serendipitous signs. Only your prepared mind would enable you to welcome wonderful Serendipity in your life, and understand the subtle signs sent to you by Universe.
    Deodatta V. Shenai-Khatkhate
  • We often hear the phrases like "Universe sending messages" or "Serendipity" whenever people describe an unexpected life-changing event, or an invention that happened unexpectedly as a totally unintended consequence of otherwise normal course of actions. As a Scientist, I do think that no new invention happens by either best design of experiments or coincidental chance taken alone. A deeper analysis always reveals that any notable invention is often the result of a synergistic meeting of statistical probability with well planned strategy, i. e. it's a combination of uncertainty with certainty that occurs at right time in right place. As Louis Pasteur said it correctly, Chance always favors only the prepared mind. So in my view, you must keep your mind alert, sharp and well prepared at all times while working on your goals, because you never know when Serendipity would visit you, or when Universe would tap on your shoulder to give you the serendipitous signs. Only your prepared mind would enable you to welcome wonderful Serendipity in your life, and understand the subtle signs sent to you by Universe.
    Deodatta V. Shenai-Khatkhate
  • Legends of prediction are common throughout the whole Household of Man. God speaks, spirits speak, computers speak. Oracular ambiguity or statistical probability provides loopholes, and discrepancies are expunged by Faith.
    Ursula K. Le Guin

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