The notation ":|:" in probability theory is not commonly used and appears to serve a similar purpose to the "|" symbol, which denotes a condition or constraint in set definitions. The expression "set X = { u 'member of' set A | u has property P}" is typically read as "such that," while in probability, the "|" signifies a conditional relationship, often interpreted as "given." The probability notation P(A | B) indicates that the probability is calculated based on the subset of outcomes contained in B, contrasting with P(A ∪ B), which considers the entire outcome space. Thus, the use of "|" is crucial for understanding the context of probabilities and the relevant sample space. The discussion highlights the importance of notation in conveying precise meanings in probability theory.