There are basically how many types of probability?

Concept: Probability is a branch of mathematics that uses numbers to quantify the uncertainty of an event's occurrence. On a scale of 0-1, the probability of an event occurring or not occurring is stated.

It can also be expressed as a percentage, with 0% implying an improbable event and 100% implying a certain event.

Probability denotes the possibility of something happening. It's a field of mathematics that studies the probability of a random event occurring.

There are three major types of probabilities:

i) Theoretical Probability

ii) Experimental Probability

iii) Axiomatic Probability