DEFINITION
Probability

"Probability": The study of chance providing an objective measure of uncertainty. Probabilities range between 1 (=100%) and 0 (=0%). A probability of 100% means that an event is considered certain to occur. A probability of 0% means that an event is considered certain not to occur. For example, tossing an unbiased coin, the probability of getting a head is often modelled as 50%.
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