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TeachMeFinance.com - explain theoretical probability theoretical probability The term 'theoretical probability' as it applies to the area of basic math can be defined as 'the likelihood an event will occur under ideal circumstances divided by the total possible outcomes '. Previous 5 Terms: thematic mapper (TM) Theodolite theology theophobia theorem Next 5 Terms: theory Therapeutic Biological Product Therapeutic cloning Therapeutic Equivalence (TE) therblig About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.