Equally Likely Outcome
Equally likely outcomes are the possible results of a random experiment that have the exact same chance of occurring. In such experiments, there is no physical bias or reason to expect one outcome to happen more frequently than any other.
Key Concepts
The concept of equally likely outcomes forms the fundamental assumption for calculating theoretical probability in mathematics.
The standard probability formula can only be applied when all possible outcomes of the sample space are equally likely.
If a random experiment has 'n' equally likely outcomes, the probability of each individual elementary event occurring is exactly 1/n.
Real World Applications
Tossing a fair, unbiased coin where getting a Head and getting a Tail both have an exact 1/2 probability.
Rolling a standard six-sided die where landing on 1, 2, 3, 4, 5, or 6 each has an identical 1/6 chance of occurring.