Probability of an event means

Probability Name Institution Course Code and Title Instructor Date Probability Probability is a mathematical approach to determining the outcome of a random event which cannot determined before or during the event because it has different possible outcomes. Probability helps in predicting the likelihood of an outcome in a random event. Probability may be either theoretical or experimental. Difference between Theoretical and Empirical Probability Theoretical probability is determined by dividing the number of favorable outcomes by the number of possible outcomes. Therefore, this probability is a ratio of favorable outcomes to poss...