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What does it mean for a probability to be fair?
A probability is fair if there is no bias in any of the possible outcomes. Said another way, all of the possible outcomes in a fair distribution have an equal probability.
What probability is the ratio of favorable outcomes to possible outcomes?
It is the theoretical probability of the event.
When probability is not found by considering all possible outcomes but by testing and experimentation it is called probability?
Experimental or empirical probability.
How do you obtain a probability distribution?
Find all the possible outcomes and the probabilities associated with each. That information comprises the probability distribution.Find all the possible outcomes and the probabilities associated with each. That information comprises the probability distribution.Find all the possible outcomes and the probabilities associated with each. That information comprises the probability distribution.Find all the possible outcomes and the probabilities associated with each. That information comprises the probability distribution.
A probability found as a result of an experiment?
Probability determined as part of an experiment is called experimental probability. Probability determined by analysis of all of the possible and expected outcomes is called theoretical probability.
