Probability 01
Probability 01 : (1) The likelihood of a specific outcome, measured by the ratio of specific outcomes to the total number of possible outcomes. Probability is expressed as a number between 0 and 1, with 0 indicating an impossible outcome and 1 indicating an outcome is certain. (Standards 1995). (2) (Mathematical): A specific type of likelihood that is expressed as a number between 0 and 1, where 0 indicates that the occurrence is impossible and 1 indicates definite knowledge that the occurrence has happened or will happen, where the ratios between numbers reflect and maintain quantitative relationships (DHS Risk Lexicon 9/08). (3) (Colloquial): A synonym for likelihood (DHS Risk Lexicon 9/08)
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