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# Empirical and Theoretical probability

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1)How well we understand the difference between empirical and theoretical probability is an important part of our ability to apply probability to a real world set of data. What is the difference between empirical and theoretical probability? Give two to three examples of professions where probability could be used. Explain your answer.

https://brainmass.com/math/probability/empirical-theoretical-probability-347351

#### Solution Preview

Empirical probability is an estimate based on (a possibly a large number of) observations. We can express this probability by the formula

the # of times event E occurs
P(E) = --------------------------------------------
total # of observed occurrences

Theoretical ...

#### Solution Summary

The difference between empirical and theoretical probability is explained and illustrated with real-world examples.

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