context: Chances are about even that John went to the kitchen. Chances are slight that Julius is gray. It is probably the case that Bernhard is a frog.
hypothesis: It is likely that either Bernhard is a frog, or Julius is gray.
valid_hypothesis: It is likely that either Bernhard is a frog, or Julius is gray.
invalid_hypothesis: It is improbable that either Bernhard is a frog, or Julius is gray.
hypothesis_assertion: Either Bernhard is a frog, or Julius is gray.