How unlikely was the historical Denmark Strait result

How strongly did the odds at Denmark Strait favor a decisive Royal Navy victory?

Very strongly; the actual loss of Hood depended on an extraordinarily lucky hit.

The expected outcome at Denmark Strait is judged strongly favourable to Britain. Hood's loss is attributed to an exceptionally fortunate German hit. The question suggests probabilities in the high nineties, but no percentage is confirmed in the reply. The assessment is qualitative, despite the question's reference to earlier calculations.