What are the 3 types of probability?

Theoretical, experimental and subjective

1)Theoretical Probability (based on the possible chance of something to happen. Example.. if a coin is tossed, the THEORETICAL probability of getting a head will be 1/2.

2) Experimental Probability ( based on the number of possible outcomes by the total of number of trials. Example... If a coin is tossed 10 times and heads is recorded 6 times then, the EXPERIMENTAL probability for heads is 6/10 or 3/5.

3) Anxiomatic Probability ( based on the likelihood of an event or outcome occurring based on the occurrence of a previous event or outcome. Example... The probability of the event happening is P(E) = r/n and the probability of the event will not occur is P(E') = (n-r)/n = 1-(r/n) all together we can now say that P(E) + P(E') = 1

The 3 types of probability are Classical, Relative Frequency Definition and Subjective Probability. You are most likely to be asked about Classical which involves taking the number of ways an event can occur and dividing it by the number of possible outcomes. An example would be the probability of getting a total of 7 when throwing 2 dice. There are 6 ways of getting a total of 7 and 36 possible outcomes. This gives a probability of 6/36 or 1/6

1. Theoretical Probability
2. Experimental Probability
3. Axiomatic Probability

Theoretical Probability - Prediction about a particular event can be precisely made with the access of statistical data of an event. The definition of probability in statistics is based on the possibility of the occurrence of an outcome. Suppose if you are willing to find out the theoretical probability of getting a number '5' on rolling a die, then you should determine the number of possible outcomes. We are aware of the fact that a die has 6 numbers (i.e, 1,2,3,4,5,6), thus the number of possible outcomes is also six. So, the chance of getting 6 on rolling a die is one out of six; that is 1:6. Similarly, we know that the total number of possible outcomes on tossing a coin is 2 because you can either get your head or tail. Thus, the theoretical probability of getting head on tossing a coin is ½.

Experimental Probability - Experimental probability is the definition statistics of unlike theoretical probability definition includes the number of trials. Suppose a coin is tossed 30 times and out of those 30times, we got tails 12 times, then the experimental probability of getting ahead is 12:30. This calculation of probability is based on the prior carried out experiments. Experimental probability is equal to the number of all the possible outcomes of an event divided by the total number of trials. For example- a die rolled 50 times results in the appearance of 6 thrice. So the Experimental probability of getting six is 6/50. 

Axiomatic Probability - Axiomatic Probability is a theory of unifying probability where there is an application of a set of rules made by Kolmogorov. 

The three types of probability are Theoretical Probability, Experimental Probability, and Axiomatic Probability.

There is theoretical, experimental and axiomatic

theoretical, experimental, axiomatic

The three types of probability are

1 - Theoretical

2 - Experimental/ Empirical

3- Axiomatic/ Subjective

There are three major types of probabilities:

• Theoretical Probability.
• Experimental Probability.
• Axiomatic Probability.

Theoretical Probability.

Experimental Probability.

Axiomatic Probability.

impossible, certain, unsure

Theoretical, experimental and axiomatic

Three types of probability are: Theoretical probability, Experimental probability and Axiomatic probability.

Theoretical Probability: This is based on mathematical theory. When flipping a coin, you would assume that each side is equally likely to land face-up. Therefore there is a 1/2 chance of getting heads.

Empirical Probability: If you repeatedly run a random process, you get a sense of the possible outcomes and their probabilities by working out their relative frequency over a long period of time, as the number of processes tends to infinity. If you repeatedly flip a coin, then the relative frequency of getting heads after flipping it a large number of times times would tend closer to 1/2 with each flip.

Subjective Probability: This is when you use a number between to represent your uncertainty in an outcome, which isn't based on mathematical theory or empirical evidence. It is based on your own experience or intuition.

There are three types of probability:

- Theoretical

- Experimental

- Axiomatic