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.
Theoretical Probability. Theoretical probability is the probability that is calculated using math formulas. This is the probability based on math theory. Experimental Probability. Experimental probability is calculated when the actual situation or problem is performed as an experiment. In this case, you would perform the experiment, and use the actual results to determine the probability. In order to accurately perform an experiment, you must: Identify what constitutes a trial.