Lat. In the civil law . A great- grandfather ‘s brother. Inst. 3, 0, 3; Bract fol. 6Sb.

Lat. In the civil law . A great- grandfather . Inst. 3, 6, 1; Bract fols. 67, 68.

A model or situation with various outcomes, each with its own chances of occuring. On the other hand stochastic is the concept of randomness. Probabilistic is indirectly related to randomness. […]

A method that has its basis in the assumption of a relatively constant demand over time for inventory items. As such, the probability distribution of the demand is determinable , […]

A tool for statistical analysis that is used estimate the chance that an event might re-occur, based on the analysis of past data.

Likelihood; appearance of truth; verisimilitude. The likelihood of a proposition or hypothesis being true, from its conformity to reason or experience, or from superior evidence or arguments adduced in its […]

The probability of all the possible outcomes of a specified action that is listed.

When subject to a specific sampling routine, it is the standard percentage of goods that is deemed to be of acceptable quality.

The potential a company will file for bankruptcy. It is used to calculate the default in default models.

A method of sampling wherein every single sample has a known and fixed probability of being selected.

A theory in mathematics that is used to model events that have an uncertainty associated with their occurrence.

lands. Thus, lands held by coparceners are held pro indiviso ; that is, they are held un- dividedly, neither party being entitled to any specific portions of the land so […]

Facts and evidences that lead many to believe that the accused actually committed the crime. A probable cause is not a fail proof evidence as it only provides enough grounds […]

These are the consequences or results that are likely to take place following an act or an event.

The error associated with providing estimates for a sample that is from a normal distribution . It is the product of the standard error and 0.6745.

a term that is used tom describe a thing that people have a right to expect.

The biggest possible loss that is expected if the occurrence of an event is as planned.

a logic that is based on the supposed or probable fact a person is trying to prove.

The estimated amount of sources of energy that are present based on geological and engineering evidence. The recovery of such resources is possible using existing technology at an economical rate. […]

Greater than the normal probability of an event occuring.

In Saxon law. To Claim a thing as one’s own. Jacob. In modern law language. To make proof, as in the term ” onus probandi ,” the burden or duty […]

The act or process of proving a will. The proof before an ordinary, surrogate, register, or other duly authorized person that a document produced before him for official recognition and […]

Assets such as real estate that are in the name of the decendant. Usually, a jointly held asset or one whose beneficiary is known is not included.

A court mandated bond that protects the assets that are given by another individual .

A court that has the authority to rate wills and supervise the administeration of assets to the beneficiaries.