Theoretical Probability
Theoretical probability is a concept in mathematics that refers to the likelihood of an event occurring based on theoretical principles or mathematical calculations
Theoretical probability is a concept in mathematics that refers to the likelihood of an event occurring based on theoretical principles or mathematical calculations. It is often used in probability theory and statistics to compute the probability of an event without conducting any actual experiments or observations. Theoretical probability is based on the assumption that all outcomes are equally likely and that there are no external factors influencing the result.
To calculate theoretical probability, you need two pieces of information: the number of favorable outcomes and the total number of possible outcomes. The ratio of the number of favorable outcomes to the total number of possible outcomes gives you the theoretical probability.
For example, consider rolling a fair six-sided die. There is only one favorable outcome when you roll a specific number, let’s say a 3, and there are six possible outcomes (numbers 1 to 6). Therefore, the theoretical probability of rolling a 3 is 1/6.
Theoretical probability is useful for predicting the likelihood of events in ideal situations or in situations where you have complete information about all possible outcomes. However, in real-world situations, practical or experimental probabilities are often used, which involve conducting experiments or collecting data to estimate probabilities based on actual observations.
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