context: Chances are about even that Julius is yellow. It is highly unlikely that Greg is green. It is highly likely that Lily is a frog.
hypothesis: Chances are about even that either Julius is yellow, or Lily is a frog.
valid_hypothesis: Chances are about even that either Julius is yellow, or Lily is a frog.
invalid_hypothesis: It is certain that either Julius is yellow, or Lily is a frog.
hypothesis_assertion: Either Julius is yellow, or Lily is a frog.