Suppose, for example, that one letter in a million is lost in the Post Office, and that in any given instance I wish to know which is more likely, that a letter has been so lost, or that my servant has stolen it? If the latter alternative could, like the former, be stated in a numerical form, the comparison would be simple. But it cannot be reduced to this form, at least not consciously and directly. Still, if we could feel that our belief in the man's dishonesty was greater than one-millionth, we should then have homogeneous things before us, and therefore comparison would be possible.
§ 35. We are now in a position to give a tolerably accurate definition of a phrase which we have frequently been obliged to employ, or incidentally to suggest, and of which the reader may have looked for a definition already, viz.[** TN: space] the probability of an event, or what is equivalent to this, the chance of any given event happening. I consider that these
terms presuppose a series; within the indefinitely numerous class which composes this series a smaller class is distinguished by the presence or absence of some attribute or attributes, as was fully illustrated and explained in a previous chapter. These larger and smaller classes respectively are commonly spoken of as instances of the ‘event,’ and of ‘its happening in a given particular way.’ Adopting this phraseology, which with proper explanations is suitable enough, we may define the probability or chance (the terms are here regarded as synonymous) of the event happening in that particular way as the numerical fraction which represents the proportion between the two different classes in the long run. Thus, for example, let the probability be that of a given infant living to be eighty years of age. The larger series will comprise all infants, the smaller all who live to eighty. Let the proportion of the former to the latter be 9 to 1; in other words, suppose that one infant in ten lives to eighty. Then the chance or probability that any given infant will live to eighty is the numerical fraction 1/10. This assumes that the series are of indefinite extent, and of the kind which we have described as possessing a fixed type. If this be not the case, but the series be supposed terminable, or regularly or irregularly fluctuating, as might be the case, for instance, in a society where owing to sanitary or other causes the average longevity was steadily undergoing a change, then in so far as this is the case the series ceases to be a subject of science. What we have to do under these circumstances, is to substitute a series of the right kind for the inappropriate one presented by nature, choosing it, of course, with as little deflection as possible from the observed facts. This is nothing more than has to be done, and invariably is done, whenever natural objects are made subjects of strict science.
§ 36. A word or two of explanation may be added about the expression employed above, ‘the proportion in the long run.’ The run must be supposed to be very long indeed, in fact never to stop. As we keep on taking more terms of the series we shall find the proportion still fluctuating a little, but its fluctuations will grow less. The proportion, in fact, will gradually approach towards some fixed numerical value, what mathematicians term its limit. This fractional value is the one spoken of above. In the cases in which deductive reasoning is possible, this fraction may be obtained without direct appeal to statistics, from reasoning about the conditions under which the events occur, as was explained in the fourth chapter.
Here becomes apparent the full importance of the distinction so frequently insisted on, between the actual irregular series before us and the substituted one of calculation, and the meaning of the assertion (Ch.