context: We doubt that Julius is white. There is a better than even chance that Lily is a frog. We believe that Greg is green.
hypothesis: Chances are slight that either Julius is white, or Lily is a frog.
valid_hypothesis: There is a better than even chance that either Julius is white, or Lily is a frog.
invalid_hypothesis: Chances are slight that either Julius is white, or Lily is a frog.
hypothesis_assertion: Either Julius is white, or Lily is a frog.