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Predictions Based on Given Probability Figures

In this topic, we will learn to make predictions based on given probability figures; this includes experimental as well as theoretical probability.

Topic: Make Predictions

  • A prediction or expectation is a guess about something in the future

  • One way to make a prediction is by making connections between the possible and favorable outcomes

  • Another way to make a prediction is by applying the concept of theoretical probability

  • Theoretical probability is the ratio of the number of favorable outcomes to the number of possible outcomes. It tells you what should happen

  • Experimental probability is the ratio of the number of favorable outcomes to the total number of trials. It tells you what actually happened
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