Probability Models

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What is a probability model?

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A probability model is a mathematical representation of a random phenomenon, describing the possible outcomes and their associated probabilities.

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What is the definition of experimental probability?

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Experimental probability is the probability determined by conducting an experiment and observing the outcomes, calculated as the number of successful outcomes divided by the total number of trials.

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What is the formula for calculating probability?

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Probability = (Number of favorable outcomes) / (Total number of possible outcomes)