chance experiment
any activity or situation in which there is uncertainty about which of two or more possible outcomes will result
A chance experiment is a process or an activity where the outcome is uncertain and unpredictable. This experiment can result in several outcomes, and it is impossible to know in advance which outcome will occur. Examples of chance experiments include flipping a coin, rolling dice, drawing cards from a deck, and spinning a roulette wheel.
In a chance experiment, the result of the experiment is called an outcome, and the set of all possible outcomes is called the sample space. The outcome of a chance experiment is determined by chance or probability, and it is impossible to predict the exact outcome of the experiment.
Chance experiments are used in various fields, including mathematics, physics, statistics, and finance. They are also used in everyday life, such as in games of chance and in decision-making processes. The study of chance experiments is known as probability theory, which helps to quantify the likelihood of different outcomes and predict future events based on probability.
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