Describe the difference between theoretical probability and empirical probability. Question content area bottom Part 1 Choose the answer below. A. Theoretical probability applies to situation in which the sample space only contains equally likely outcomes, all of which are known. By contrast, empirical probability applies to situations in which we observe how frequently an event occurs. B. Theoretical probability applies to situation in which we observe how frequently an event occurs. By contrast, empirical probability applies to situations in which the sample space only contains equally likely outcomes, all of which are known. C. Theoretical probability applies to situation in which the sample space only contains outcomes that are not equally likely, all of which are known. By contrast, empirical probability applies to situations in which we observe how frequently an event occurs. D. Both theoretical and empirical probabilities are same