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.
by admin. Theoretical vs Experimental Probability. Probability is the measure of expectation that a specific event will occur or a statement will be true. At all times, probability is given as a number between 0 and 1, where 1 and 0 imply that the event will definitely occur and the event will not occur respectively. Determining the probability of an event is related to mathematics, and the branch of mathematics explaining the mechanism is known as the probability theory.