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Question: What is Possibility space, Probability Space ?

Answer:

The possibility space or probability space is the term for all the possible outcomes in an experiment used to determine probability.

If the triangular and pentagonal shaped spinners are spun, then there are 15 possible ways in which they could come to rest. This possible set of outcomes is the possibility space :

(1,A), (2,A), (3,A), (1,B), (2,B),..., (3,E).