Which term describes the probability that something will happen?

Which term describes the probability that something will happen?

• A. Likelihood
• B. Magnitude
• C. Event
• D. Frequency

Answer: (A)

Probability of an outcome is described by likelihood. It captures how probable it is that a specific event will occur, and it’s often expressed as a percentage or a decimal. In risk terms, you separate how likely something is from how severe the result would be if it happens (magnitude). An event is the outcome itself, not its chance. Frequency refers to how often something occurs over time, not the probability of a single occurrence. So the term that best fits describing the probability that something will happen is likelihood.

Probability of an outcome is described by likelihood. It captures how probable it is that a specific event will occur, and it’s often expressed as a percentage or a decimal. In risk terms, you separate how likely something is from how severe the result would be if it happens (magnitude). An event is the outcome itself, not its chance. Frequency refers to how often something occurs over time, not the probability of a single occurrence. So the term that best fits describing the probability that something will happen is likelihood.