probality theory is based on
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Probability theory, a branch of mathematics concerned with the analysis of random phenomena. ... The outcome of a random event cannot be determined before it occurs, but it may be any one of several possible outcomes. The actual outcome is considered to be determined by chance.
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According to the classical theory, probability is the ratio of the favorable case to the total number of equally likely cases. ... Empirical or relative frequency probability is based on logic, past experience, and present condition.
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