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What probability is based on knowing all of the equally likely outcomes of an experiment?

Theoretical probability


When all outcomes have the same probability of occurring the outcomes are?

"Equally likely"; nothing more, nothing less.


What is theoretical proablity?

Theoretical probability- what the probability "should be" if all outcomes are equally likely.


What is the word for when all outcomes are equally likely it is the ratio of the number of favorable outcomes to the number of possible outcomes it mus be in two words?

fifty-fifty


What is the definition of theoretical probability?

Theoretical probability is the probability of an event when all outcomes are equally likely. With theoretical probability, you determine the probability by dividing the number of ways the event can occur by the total number of equally likely outcomes.


When all outcomes are equally likely?

... then all outcomes are equally likely. Nothing more, nothing less. You can always re-define the outcomes so that they are not all equally likely. For example, on a single roll of a fair die, the numbers 1 to 6 are equally likely. But redefine the events so that Event A = prime number Event B = composite number Event C = neither prime nor composite number then P(A) = 1/2, P(B) = 1/3 and P(C) = 1/6 : events with unequal likelihood.


What is probablity ratio?

If the outcomes of a trial or experiment are all equally likely then the probability ratio for a specific event is the ratio of the number of outcomes that are favourable to the event divided by the total number of possible outcomes.


Total possible outcomes?

Is the number of all possible outcomes of an experiment. The number depends on the experiment.


What is a sample space for an experiment?

It is the set of all possible outcomes of the experiment.


What do you call all possible outcomes of an experiment?

All possible outcomes of an experiment is known as a sample space. This will include an exhaustive list of all the possible results to be achieved.


It is a set of all posssible outcomes of a random experiment?

The outcome.


Is there a formula for probability problems?

Yes. The sum of the probabilities of all possible outcomes is equal to one. Given events that are equally likely to happen, the probability that any given outcome occurs will be equal to the number of specified outcomes, divided by the number of all outcomes. If events are not equally likely to happen - let's say that Bent-Nose Bill is holding a lottery - then the probability is considerably different. As Damon Runyan put it, "The race is not always to the swift, nor the battle to the strong, but that's the way to bet"