How do you find a theoretical probability
To find the theoretical probability of an event, you need to know the total number of possible outcomes (denoted by "n") and the number of favorable outcomes (denoted by "m").
The theoretical probability can be calculated using the following formula:
P(event) = m/n
Where:
P(event) = theoretical probability of the event happening
m = number of favorable outcomes
n = total number of possible outcomes
For example, if you want to find the probability of rolling a 5 on a fair six-sided die, there is only one favorable outcome (rolling a 5) out of a total of six possible outcomes (numbers 1 to 6). Therefore, the theoretical probability is:
P(rolling a 5) = 1/6 = 0.1667 or approximately 16.67%