Theoretical Probability

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Theoretical probability is term used to find the chance of a particular outcome. Tossing a coin with the outcome of heads otherwise tails occurring a particular amount of times when learning theoretical probability. The chance on the source of observations and collected data. This is called statistical approach of probability.

We can find the theoretical probability of an event using the following ratio:



-->P (event) = Number of favorable outcomes/Total number of possible outcomes

Properties of theoretical probability:

Below are some of the properties of Theoretical Probability.

• Every outcome of this probability should have the number among 0 as well as 1.

• The theoretical probabilities of every one of the result could be sum up to 1.

• The theoretical probability of an occurrence should be the totaling up of theoretical probabilities of the individual results in E.