In a new update, the space agency has increased the chances of asteroid 2024 YR4 colliding with Earth, with the probability of impact rising to 3.1 per cent or one-in-32 odds of impact — the highest probability of a collision yet.
IE - 3%.
3% events happen all of the time!
The article stresses that this probability has been going up over the past year or so, which is likely neither here nor there, but I can totally understand how it’s alarming in a post-COVID world.
Statistics isn't my strong suit. What's the probability of the probability increasing given that it has been increasing over time? Should we project the future probability to include this growth?
Really no idea personally. My hunch would be that it’s technically a fuzzy problem (what’s the system being measured here exactly?) but also one around which we have some experience and wisdom established by now. Otherwise, the probability has changed like twice or three times, so any statistical inference would likely be close to meaningless with that little data.