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Video: Basic Probability Rules (25:17). In the previous section, we introduced probability as a way to quantify the uncertainty that arises from conducting experiments using a random sample from the...prob•a•bil•i•ty. (ˌprɒb əˈbɪl ɪ ti) n., pl. -ties. 1. the quality or fact of being probable. 2. a probable event, circumstance, etc. 3. Statistics. a. the relative possibility that an event will occur, as expressed by the ratio of the number of actual occurrences to the total number of possible occurrences. Jan 05, 2013 · Basic probability question. Thread starter murwebb; Start date Jan 5, 2013; Tags probability; M. murwebb New Member. Jan 5, 2013 #1. Jan 5, 2013 #1. This is a ... This is a re-upload to correct some terminology.In the previous version we suggested that the terms “odds” and “probability” could be used interchangeably. ...