Probability and Statistics Terms

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Probability

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The measure of the likelihood that an event will occur.

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Chances

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The possibility of something happening.

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Outcome

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The result of an experiment or event.

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Result

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The final outcome of a process or experiment.

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Event

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A specific occurrence or happening.

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Occurrence

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The act of something happening.

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Experiments

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Procedures carried out to test a hypothesis.

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Trials

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Repetitions of an experiment to ensure reliability.