The phrase "assess probabilities" is correct and usable in written English.
You can use it when discussing the evaluation or estimation of the likelihood of certain events or outcomes.
Example: "In order to make informed decisions, we need to assess probabilities related to market trends."
Alternatives: "evaluate likelihoods" or "analyze chances".
The analysis team worked closely with each project manager and his staff to build the decision tree, assess probabilities and values, and discuss results and sensitivities.
To assess probabilities in the light of established facts is too cautious for the average metaphysical mind.
The mathematics of valuation models — horrendously complex equations to assess probabilities and correlations, cooked up in mad-scientist style by the firms' "quants" — took on the burden of assessing statistical risk.
A perplexing yet persistent empirical finding is that individuals assess probabilities in words and in numbers nearly equivalently, and theorists have called for future research to search for factors that cause differences.
We used the Chi-squared test or Fisher's exact test (as appropriate) to assess probabilities of significant differences between proportions and logistic regression to test which factors among presence of clinical signs of HIV infection, age, sex, or cardiac tamponade were associated with constrictive pericarditis at 6 months of follow-up.
Analogous considerations apply to assess probabilities of activity.
The analysts used a third model to assess probability distributions of earnings from the contracts that reflected uncertainties in the number of units, the price per unit, and the profit margin.
The questionnaire was based on virtual medical cases and asked the experts to assess probability of death or probability of various cirrhosis complications.
Measures will be developed to assess probability of acceptance, using both numerical and verbal-rating scales and guidance from work on presenting probabilistic risk data.
A previous study using this approach in Arabidopsis employed three threshold scales of significance to assess probability (pMMC-β): < 0.02, 0.05, and 0.1 [ 28].
Biomarkers may be used to assess probability of disease and to determine any possible increase in the risk of developing long-term health problems [ 5, 6].
