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Probability is the measure of the likelihood that an event will occur. See glossary of probability and statistics.Probability quantifies as a number between 0 and 1, where, loosely speaking, 0 indicates impossibility and 1 indicates certainty. 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Pas de traces dans le bush Political Money A Strategy For Campaign Financing In America Statistical inference is the process of using data analysis to deduce properties of an underlying probability distribution. Inferential statistical analysis infers properties of a population, for example by testing hypotheses and deriving estimates.It is assumed that the observed data set is sampled from a larger population.. Inferential statistics can be contrasted with descriptive statistics.