You've added some useful context, but I think you're downplaying it's use. It's non-obvious, and in many cases better than just saying "we don't know". For example, if some company's server has been down for an hour, and you don't know anything more, it would be reasonable to say to your boss: "I'll look into it, but without knowing more about it, stastically we have a 50% chance of it being back up in an hour".
> The better thing to do is to get some even-specific knowledge, rather than trying to reason from a priori logic
True, and all the posts above have acknowledged this.