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Assume, for simplicity, that the total number of humans who will ever be born is 60 billion (N 1), or 6,000 billion (N 2). [6]If there is no prior knowledge of the position that a currently living individual, X, has in the history of humanity, one may instead compute how many humans were born before X, and arrive at say 59,854,795,447, which would necessarily place X among the first 60 billion ...
We do not intend the term "unlikely" to imply an event will not happen. We use "probably" and "likely" to indicate there is a greater than even chance. We use words such as "we cannot dismiss", "we cannot rule out", and "we cannot discount" to reflect an unlikely—or even remote—event whose consequences are such it warrants mentioning.
Probability is the branch of mathematics and statistics concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an event is to occur. [note 1] [1] [2] This number is often expressed as a percentage (%), ranging from 0% to ...
The blue point corresponds to the fifth smallest test statistic, which is -1.75, versus an expected value of -1.96. The graph suggests that it is unlikely that all the null hypotheses are true, and that most or all instances of a true alternative hypothesis result from deviations in the positive direction.
The law of truly large numbers (a statistical adage), attributed to Persi Diaconis and Frederick Mosteller, states that with a large enough number of independent samples, any highly implausible (i.e. unlikely in any single sample, but with constant probability strictly greater than 0 in any sample) result is likely to be observed. [1]
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Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
The Future 50: The companies most likely to adapt, thrive, and grow. Ketil Gjerstad, Johann Harnoss. Updated December 2, 2024 at 1:59 PM.
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