That's what MBAs say when asked what the degree has done for them. It gave me a broad perspective of the business world -- how the economy works [and] how my industry works, says Susan Odegaard Turner, founder of Thousand Oaks, California-based consultancy Turner Healthcare Associates.
Theoretical probability is the probability of an event when all outcomes are equally likely. With theoretical probability, you determine the probability by dividing the number of ways the event can occur by the total number of equally likely outcomes. Theoretical probability is the probability of an event when all outcomes are equally likely.
The difference between experimental probability and theoretical probability is that experimental probability is the probability determined in practice. Theoretical probabilityâ¦ is the probability that should happen. For example, the theoretical probability of getting any single number on a number cube is one sixth. But maybe you roll it twice and get a four both times. That would be an example of experimental probability.