Probability
Probability is a number from 0 to 1 measuring how likely an event is, with 0 meaning impossible and 1 meaning certain.
Probability measures the long-run relative frequency of an event over many repetitions. For equally likely outcomes, . For example, rolling an even number on a fair six-sided die has probability . Over many rolls the fraction of even results settles near this value, an idea called the law of large numbers.
More probability terms, or browse the full statistics glossary.