"Percentage probability" refers to the likelihood or chance of something happening, expressed as a number out of 100. It indicates the estimated possibility of an event occurring.
Full definition
Part 1 focuses on the need for lawyers to embrace the use of
percentage probabilities when considering the merits of a case, not only to reduce the scope for confusion but also to improve the accuracy of litigation forecasts.
This will help clearly represent
the percentage probability of an outcome occurring.
What is
the percentage probability that the price will be between 510 and 515 at the time the option expires about a month from now?
How far the yield curve inverts gives
us a percentage probability of the likelihood of a recession within 3 - 5 quarters.