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Probability
A numerical value ranging from 0 to 1, representing the chance of an event's occurrence.
Statistic
A quantity calculated from a set of data, used to summarize or describe characteristics of the data.
High Probability
A term indicating that an event is very likely to occur, often used in statistical analysis to describe outcomes with a large likelihood based on a probability measure.
Alpha
Often used to denote the level of significance in statistical tests, representing the probability of rejecting a true null hypothesis.
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