probability

Vocabulary Word

Definition

Probability is a statistical term that refers to the likelihood of an event happening. For instance, in a card game, the probability of drawing a red card from a deck is 26 out of 52.

Examples in Different Contexts

In impact evaluation, 'probability' is used to assess the likelihood of achieving desired outcomes. An evaluator might note, 'We calculate the probability of success to design interventions that are most likely to yield positive results.'

Practice Scenarios

Statistics

Scenario:

Using the data from the latest census, we can infer interesting trends about our population.

Response:

By calculating the probability of certain attributes, we can effectively target our marketing strategies.

Tech

Scenario:

With the advancement in AI, we can improve efficiency by predicting certain outcomes.

Response:

Indeed, we can use probability algorithms to predict user behaviour and improve the user experience.