context: It is probable that Julius is a rhino. We believe that Bernhard is yellow. It is unlikely that Winona is a wolf.
hypothesis: Chances are about even that either Julius is a rhino, or Bernhard is yellow.
valid_hypothesis: Chances are about even that either Julius is a rhino, or Bernhard is yellow.
invalid_hypothesis: There is almost no chance that either Julius is a rhino, or Bernhard is yellow.
hypothesis_assertion: Either Julius is a rhino, or Bernhard is yellow.