The empirical probability formula creates a ratio of the number, times the desired event occurred, to the total number of times one tried to reach it. An example would be I rolled the dice three ...

Compound Interest Formula: As students progress to higher grades in school, the curriculum starts introducing various concepts of practical usage to students such as profit and loss, probability ...

Compound Probability Formulas There are different formulas for calculating the two types of compound events: Say A and B are two events, then for mutually exclusive events: P (A or B) = P (A) + P (B).