Question

Is the following an example of theoretical probability or empirical probability? A fisherman notes that eight out of ten times that he uses a certain lure he catches a fish within an hour. He concludes that the probability that the lure will catch a fish on his fishing next trip is about 80%

Answer 1

Answer: This is an example of empirical probability since it is based on the observed outcomes of an experiment. The fisherman used past experience to estimate the likelihood of catching a fish on his next trip.