What are the 3 types of probability?

There are three major types of probabilities:

·        Theoretical Probability.

·        Experimental Probability.

·        Axiomatic Probability.

1-     Theoretical Probability

It is based on the possible chances of something to happen.

2-     Experimental Probability

It is based on the basis of the observations of an experiment.

3-     Axiomatic Probability

In axiomatic probability, a set of rules or axioms are set which applies to all types.