what is the difference between theoretical probability and empirical probability
Probability can be classified as Theoretical Probability or Empirical Probability. Now, we will look at the definition of Empirical probability. Empirical Probability can be defined as the prediction of occurrence of an event, which is calculated on the basis of collection of empirical evidence.
Theoretical probability cannot predict what the actual results will be, but it does give you an idea of what is likely to happen in a situation. Student: I understand that. So the results of flipping a coin should be somewhere around 50% heads and 50% tails since that is the theoretical probability.