What is the Difference Between Probability and Possibility?

The main difference between probability and possibility lies in their definitions and usage:

• Possibility: This term refers to something that might occur or the chance that something might happen. It is often used to describe a situation with a lesser chance of happening or a hypothetical situation that could be real. Possibility is about whether or not something could happen, and it is mostly used in a more philosophical or ontological context, focusing on what can or could exist.
• Probability: This term is more quantitative and refers to the likelihood of something happening. It is used in mathematics as a ratio and represents the statistical likelihood of an event occurring. Probability is about how likely something is to occur, and it can be described using numbers or relative terms like "high" or "low" to indicate the level of certainty.

In summary, possibility is about the potential for something to happen, while probability is about the likelihood of it happening. Probability is often expressed numerically or in relative terms, whereas possibility is more philosophical or ontological in nature.

Comparative Table: Probability vs Possibility

The terms "probability" and "possibility" are often used interchangeably, but they have distinct meanings. Here is a table highlighting the differences between the two concepts:

In summary, probability is a measure of the likelihood of an event occurring, while possibility refers to whether an event can occur or not. Probability ranges from 0 to 1, indicating the degree of certainty, whereas possibility is binary, with only two possible outcomes: yes or no.