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.
Classical probability theory is concerned with carrying out probability calculations based on equally <br /> likely outcomes. That is, it is assumed that the sample space has been constructed in such a way <br /> that every subset of the sample space consisting of a single element has the same probability. Minor edit?