Probability value | Meaning |
---|---|
Near 0 | Outcome or event is very unlikely. |
Equal to 0 | Outcome or event cannot occur. |
Near 1 | Outcome or event is nearly certain to occur. |
Equal to 1 | Outcome or event is certain to occur. It's “a sure thing.” |
Low | Outcome or event is unusual, say, with probability less than 0.05. |
High | Outcome or event is likely to happen. |