Empirical Probability
Empirical probability, also known as experimental probability, is the likelihood of an event occurring based on the actual results of a conducted experiment. It is calculated by dividing the number of times a specific event occurs by the total number of trials performed.
Key Concepts
Unlike theoretical probability which relies on expected outcomes, empirical probability is based entirely on observed data from actual experiments.
The value of empirical probability is dynamic and can change each time an experiment is repeated with a new set of trials.
As the total number of trials in an experiment increases, the empirical probability tends to get closer to the theoretical probability.
Real World Applications
Calculating a cricket player's batting average by dividing the number of times they hit a boundary by the total number of balls they faced in a tournament.
Quality control in manufacturing, where the probability of a defective bulb is found by testing a sample of 1000 bulbs and counting the defective ones.