Probabilite
bility
Types of probability
Answers
Answer: There are three major types of probabilities, and those are:
- Theoretical probability
- Experimental probability
- Axiomatic probability
Step-by-step explanation:
- Theoretical probability
Theoretical probability is based on the chances of something happening. We can also say that it is based on the possible chances of things happening in a particular problem, or previous events or a real-life situation. The probability is basically based on the basic reasoning open probability.
For example, suppose we are tossing a coin, and as we have discussed above, the single coin has only two outcomes either it shows heads or shows tails. So the probability of getting a head or a tail is equal, and that is 0.5 So this was all about one of the most common or basic types of probability i.e., theoretical probability.
- Experimental Probability
The name suggests that it is experimental. It means it will consist of some experiments in this type of probability. Basically, we can say that the experimental probability is based on the observation coming from an experiment.
In order to get an answer from such a type of probability, there must be an experiment going on, and from that, we will account or observe the outcomes, and then we will get to know about the probability of any event from that particular experiment.
Note: The experimental probability can be counted as the number of possible outcomes by the number of trials because we are experimenting, and experiments are based on different trials. So the experimental probability will be equal to two possible outcomes by the total number of trials.
For example, if we toss a coin 10 or 15 times, then the 10 or 15 times are the trials and now how it will get done. Suppose we toss it 10 times and the head is recorded 7 times, then the experimental probability of the head will be 7/10, and the experimental probability of tails will be 3/10.
- Axiomatic probability
There is a set of rules in axiomatic probability, or we can call those sets of rules axioms. These rules get applied to all the types of reasons for a set of rules known as Kolmogorov’s three axioms. With the help of axiomatic probability, we can calculate the chances of occurrence and non-occurrence of any event.