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Question 1 • FowU - Financial Math - B

What is an advantage that experimental probability has over theoretical probability?

Answer
A
Experimental probability is more rigorously tested than theoretical probability.
B
Experimental probability provides unique results, while theoretical probability only provides generic results which may not fit the situation.
C
It is not always possible to calculate theoretical probability in complex situations, but experimental probability can be calculated any time experiments can be run.
D
Experimental probability changes over time, while theoretical probability remains constant.

Explanation

Theoretical probability depends on analyzing all possible outcomes, which can be difficult or impractical in a complex situation. Experimental probability is found by running trials and using the observed results, so it can be calculated whenever the experiment can be performed. Therefore, the advantage is that experimental probability can be used when theoretical probability is hard to calculate.

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