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Definitions

probability

[prob-uh-bil-i-tee] / ˌprɒb əˈbɪl ɪ ti /


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

As of Thursday afternoon, traders on Kalshi put a 38% probability that Iran will close the Strait of Hormuz this year.

From The Wall Street Journal

“It’s very easy to understand these binary probabilities—is this event going to happen or isn’t it?”

From The Wall Street Journal

Nevertheless, an analysis of the last months of prior Fed chairs suggests that the probability of a higher fed funds rate in three months, while perhaps small, is still greater than zero.

From MarketWatch

Using these improved statistical models, the researchers derived analytical expressions for error and sift probabilities under pointing error, marking a first for the field.

From Science Daily

The market is currently pricing a high probability of a Fed rate cut in June, which also mirror’s CBA’s view, the senior economist and senior currency strategist says.

From The Wall Street Journal