Breadcrumb Home > Dictionary > Index P probability theory: Meaning and Definition of Find definitions for: probabil'ity the"ory Pronunciation: [key] — Math., Statistics. Math.,Statistics. the theory of analyzing and making statements concerning the probability of the occurrence of uncertain events. Cf.(def. 4). Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. probability distribution probable TrendingHere are the facts and trivia that people are buzzing about. Jewish Holidays, 2010-2030 (A.M. 5770-5791) Western Christian Holidays, 2010-2030 12 Steps to a New Year New Year's Resolution to Slim Down? Martin Luther King Speeches Books of the Bible: Old Testament Books in Order ✖ Related Content Daily Word Quiz: cognoscenti Analogy of the Day: Today’s Analogy Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language