I know that theoretical probability observes how may outcomes are possible and assumes that each outcome is as likely as any other to occur and empirical probability is based on actual facts or experiments. So theoretical is what we expect to happen and empirical is what actually happens.

Question

I know that theoretical probability observes how may outcomes are possible and assumes that each outcome is as likely as any other to occur and empirical probability is based on actual facts or experiments.  So theoretical is what we expect to happen and empirical is what actually happens.

The question is which is more reliable. I believe it's empirical because that is what we have observed.  Would that be correct?

Damon · Answer

I do not understand the quesstion. I do not buy " ..... each outcome is as likely as any other to occur ... "

Steve · Answer

experimental is in fact exact. But only for that one trial. A theoretical probability enables you to predict with reasonable accuracy the outcome of many trials, without having to perform them.