This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well. It will help to be able to read 可能 as well.
I think the possibility of a war breaking out is low, but I'm worried.
It seems like the likelihood of it snowing on Christmas Day is very high.
None of the ideas we came up with sounded likely, but we didn’t give up easily.