Theoretical probability assigns an event a value equal to the number of favorable outcomes divided by the total number of equally likely outcomes in a finite sample space, expressing the result as a fraction, decimal, or percentage. The understanding includes representing simple and compound events with organized lists, tables, or tree diagrams, and using complements or mutually exclusive cases appropriately; it excludes continuous probability models and advanced conditional-probability theory.
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Theoretical probability is found using
Example: Two fair coins are tossed. What is the probability of getting exactly one head?
List all possible outcomes.
Each coin can show heads () or tails ():
There are equally likely outcomes.
Identify the favorable outcomes.
Exactly one head occurs in:
There are favorable outcomes.
Use the probability formula.
Express the answer in other forms, if needed.
Therefore, the probability of getting exactly one head is , or .
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