Theoretical probability:
Theoretical probability is when you decide what is the probability of something using the information that is given to you!
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Theoretical Probability.
Theoretical implies the mathematical calculation of the probability. Empirical means the actual outcomes to happen.
Theoretical probability refers to the probability of an event occurring based on mathematical or theoretical calculations. It is determined by dividing the number of favorable outcomes by the total number of possible outcomes. Theoretical probability provides an idealized prediction of the likelihood of an event, assuming all conditions and variables are known and controlled.
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Sometimes it is possible to define a model for a trial or experiment and then use mathematical or scientific rules to determine the probability of the possible outcomes. Such a procedure gives theoretical probabilities.