Articial Building Intelligence with iTWO fm

Probability of occurrence (also probability of damage, frequency of damage) refers to the statistical expected value or the estimated probability of the occurrence of a certain event in a certain period of time in the future. The probability of occurrence is a term used in probability theory or statistics and is expressed as a percentage or as a value between 0 and 1.

  • 0 means: the event will never occur; impossible event
  • Values near 0 ; unlikely event
  • Values near 1 ; probable event
  • A value of 1 means that the event will occur in any case; safe event.

Your rating of this article?

Average 0 / 5. Number of votes: 0

Be the first to rate :-)

Great. Thank you very much!

Maybe you want to follow us on ...

We are sorry that you did not like this post so much.

How can we improve that?

Smart Contract