contingent probability Synonyms
No Synonyms and anytonyms found
contingent probability Meaning
Wordnet
contingent probability (n)
the probability that an event will occur given that one or more other events have occurred
contingent probability Sentence Examples
- Contingent probability measures the likelihood of an event occurring given that another event has already happened.
- In statistics, contingent probability is often calculated using conditional probability formulas.
- Understanding contingent probability is essential for making informed decisions based on uncertain outcomes.
- The contingent probability of winning the lottery depends on the number of tickets purchased and the total number of tickets sold.
- Weather forecasters use contingent probability to predict the likelihood of rain based on atmospheric conditions.
- In insurance, contingent probability helps assess the risk of certain events, such as car accidents or property damage.
- The contingent probability of a medical treatment's success may vary depending on factors such as the patient's health and adherence to the treatment plan.
- Contingent probability analysis is used in financial modeling to estimate the probability of different investment outcomes.
- Contingent probability allows researchers to evaluate the likelihood of various scenarios occurring in complex systems, such as ecological ecosystems or economic markets.
- By considering contingent probability, decision-makers can assess the potential impact of different factors on future events and outcomes.
FAQs About the word contingent probability
the probability that an event will occur given that one or more other events have occurred
No synonyms found.
No antonyms found.
Contingent probability measures the likelihood of an event occurring given that another event has already happened.
In statistics, contingent probability is often calculated using conditional probability formulas.
Understanding contingent probability is essential for making informed decisions based on uncertain outcomes.
The contingent probability of winning the lottery depends on the number of tickets purchased and the total number of tickets sold.
