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Definition of Probability

Probability = # of Favorable Outcomes/# of Possible Outcomes
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Definition of Probability
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Vocabulary

Event

Event

An event is a set of one or more possible results of a probability experiment.
Favorable Outcome

Favorable Outcome

A favorable outcome is the outcome that you are looking for in an experiment.
Theoretical Probability

Theoretical Probability

The theoretical probability of an event is the likelihood that the event will occur. It is calculated by finding the ratio of the number of favorable outcomes to the number of total outcomes.
Total Outcomes

Total Outcomes

In probability, the total outcomes are the total number of possible outcomes for the probability experiment.

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