Final answer:
The hazard probability category identifying hazards that will probably occur in time is defined as probable or likely, assessed via the Torino Impact Hazard Scale using probability statistics and kinetic damage potentials.
Step-by-step explanation:
The hazard probability category that identifies hazards that will probably occur in time is known as probable or likely. In the Torino Impact Hazard Scale, this category assesses the seriousness of collision predictions with near-Earth objects by combining probability statistics and kinetic damage potentials into a single threat value.
The probability of an event is quantified using scientific data and statistical analysis to determine the likelihood of specific hazards occurring. These statistical methods are not only applicable to near-Earth object impacts but also to other potential disasters, such as earthquakes or extreme weather events. Probabilities can be calculated for various scenarios to prepare for or mitigate these hazards.