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What is point probability?
Point probability is a part of the probability distribution which has a probability value equal to the observed probability value.
What is tail probability?
The probability where a random variable deviates by a given amount from its expected unit, that observation is called tail probability. If T is the set of all points t and p(x) are the probabilities such that a>t=p (a< or = x < or = a + da) < p (o) where p (o) is a point probability, it is often observed that the associated tail probability is f(x) p(x) dx.
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