Table 5.6: Table 1 Meaning of some probability values
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.