Explain empirical and theoretical probability

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Reference no: EM13119336

Empirical and Theoretical probability

1)How well we understand the difference between empirical and theoretical probability is an important part of our ability to apply probability to a real world set of data. What is the difference between empirical and theoretical probability? Give two to three examples of professions where probability could be used. Explain your answer.

Reference no: EM13119336

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