contingent probability

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Definitions from WordNet

Noun contingent probability has 1 sense

conditional probability, contingent probability - the probability that an event will occur given that oneor more other events have occurred
--₁ is a kind of probability, chance

Definitions from the Web

Contingent Probability

Description:

Contingent probability refers to the likelihood of an event occurring under specific conditions or upon the occurrence of another event. It is a type of probability that depends on certain contingencies or dependencies.

Examples:

Noun:

The contingent probability of winning the lottery is low.
Calculating the contingent probabilities of different outcomes is crucial in risk assessment.

Adjective:

The researcher analyzed the contingent probability theory in great detail.
Contingent probability estimates should be considered when making strategic decisions.

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