1. Probability - A Theoretical Approach
Given the results of an experiment, we know how to predict the outcome of the experiment. How do we predict the outcome without actually doing the experiment? The probability or likeliness┬аof an event occurring, without actually conducting the experiment is called theoretical probability.
For example, when we toss a coin 500 times and record the outcomes, we clearly know how many times we got heads┬аand how many times we got tails. We can then calculate the probability of getting a head or a tail based on these results.
But how do we predict the probability of getting a head without actually tossing a coin? In such cases,┬аwe list all possible outcomes of the experiment and express the number of favourable outcomes as a fraction of the total number of possible outcomes.
Key Definitions
