Opportunity vs. Probability

Opportunitynoun

A chance for advancement, progress or profit.

Probabilitynoun

The state of being probable; likelihood.

Opportunitynoun

A favorable circumstance or occasion.

‘Having a holiday is a great opportunity to relax.’;

Probabilitynoun

An event that is likely to occur.

Opportunitynoun

opportuneness

‘The Court questioned the opportunity of introducing these measures in such an uncertain economic climate.’;

Probabilitynoun

The relative likelihood of an event happening.

Opportunitynoun

Fit or convenient time or situation; a time or place permitting or favorable for the execution of a purpose; a suitable combination of conditions; suitable occasion; chance.

‘A wise man will make more opportunities than he finds.’;

Probabilitynoun

(mathematics) A number, between 0 and 1, expressing the precise likelihood of an event happening.

‘The probability of an event A occurring is denoted P(A).’;

Opportunitynoun

Convenience of situation; fitness.

‘Hull, a town of great strength and opportunity, both to sea and land affairs.’;

Probabilitynoun

The quality or state of being probable; appearance of reality or truth; reasonable ground of presumption; likelihood.

‘Probability is the appearance of the agreement or disagreement of two ideas, by the intervention of proofs whose connection is not constant, but appears for the most part to be so.’;

Opportunitynoun

Importunity; earnestness.

Probabilitynoun

That which is or appears probable; anything that has the appearance of reality or truth.

‘The whole life of man is a perpetual comparison of evidence and balancing of probabilities.’; ‘We do not call for evidence till antecedent probabilities fail.’;

Opportunitynoun

a possibility due to a favorable combination of circumstances;

‘the holiday gave us the opportunity to visit Washington’; ‘now is your chance’;

Probabilitynoun

Likelihood of the occurrence of any event in the doctrine of chances, or the ratio of the number of favorable chances to the whole number of chances, favorable and unfavorable. See 1st Chance, n., 5.

Opportunitynoun

a time or set of circumstances that makes it possible to do something

‘the night drive gave us the opportunity of spotting rhinos’; ‘increased opportunities for export’;

Probabilitynoun

a measure of how likely it is that some event will occur;

‘what is the probability of rain?’; ‘we have a good chance of winning’;

Opportunitynoun

a chance for employment or promotion

‘career opportunities in our New York headquarters’;

Probabilitynoun

the quality of being probable

Probabilitynoun

the quality or state of being probable; the extent to which something is likely to happen or be the case

‘the rain will make the probability of a postponement even greater’;

Probabilitynoun

a probable or the most probable event

‘for a time revolution was a strong probability’;

Probabilitynoun

the extent to which an event is likely to occur, measured by the ratio of the favourable cases to the whole number of cases possible

‘a probability of 0.5’; ‘the area under the curve represents probability’;

Probability

Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility of the event and 1 indicates certainty.