Three very important vocabulary terms that you should remember.
Trial- the number of events that occur
Favorable outcome- a desired result based on prediction
Experimental outcome- the result received after a trial
Two formulas to remember: Theoretical probability and Experimental probability
Theoretical probability: the predicted probability of an event
Experimental probability: the run of trials
Theoretical probability- P(event) = # of favorable outcomes/# possible outcomes
Experimental probability- P(event) = # of favorable outcomes/# trials
Examples
What is the probability of flipping a coin?
Theoretical: 1/2 (there are two sides and each side is represented by the number one)
Experimental: ?/2 (there are different outcomes and two sides of a coin)