What context can I use each word in?
Learn when and how to use these words with these examples!
stochastic
Example
The stock market is a stochastic system that is difficult to predict. [stochastic: adjective]
Example
We used a stochastic model to simulate the spread of a disease. [stochastic: noun]
chance
Example
There's a chance of rain later today. [chance: noun]
Example
I'll take a chance and apply for the job even though I don't meet all the qualifications. [chance: verb]
Good things to know
Which word is more common?
Chance is more commonly used than stochastic in everyday language. Chance is versatile and covers a wide range of contexts, while stochastic is less common and is typically used in more technical or scientific contexts.
What’s the difference in the tone of formality between stochastic and chance?
Stochastic is more formal than chance and is often used in academic or technical writing. Chance, on the other hand, is more informal and can be used in both formal and informal contexts.