There are three major types of probabilities:Theoretical Probability: In this type of possibility, we assume that all n possible outcomes of a particular experiment are likely to equal, and we assign a probability of 1/n to each of the possible results.Experimental Probability: This type of possibility is determined based on the results of an experiment repeated many times. Empirical probability is based on observation or actual measurements.Subjective Probability: Subjective possibility is derived from an individual's past experience or opinion about whether a specific result of an event is likely to occur or not. It only reflects an individual's judgement.