In the last session, we found the probability for certain events by conducting experiments.
Specifically, we asked 75 people to play the upGrad red ball game. Based on the data gathered from these people, we created a histogram or, in other words, a frequency distribution. Then, using this histogram, we created the probability distribution.
However, this is a lengthy process. Is there a shorter process for finding the probabilities, perhaps one that doesn’t need repeated experiments? Let’s see.
Thus, we have gone through the exercise of finding the probability without conducting any experiment. You saw that these theoretical (calculated) values of probability are actually quite close to the experimental values. The small differences exist because of the low number of experiments conducted.