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not all negotiations lead to favorable outcomes.
A possible outcome is an element of the outcome space. All possible outcomes make up the outcome space.
fifty-fifty
1/36.Explanation: There will be 36 possible outcomes when you roll two dice.Let us suppose the first number is the outcome of 1 dice and the second number is the outcome of the second dice. Then we have 36 possible outcomes like : (1,1) , (1,2), (1,3), (1,4), (1,5), (1,6) and so on until (6,6). Note that 6 is the highest possible outcome on any dice.When you add the outcomes of both dice you are supposed to get two. In such a case only one outcome is possible of all the 36 outcomes and that is (1,1).Now, by definition, Probability is (No. of favorable outcomes/Total number of outcomes) = 1/36 in this case.
This is just the outcome you are looking for. For example if you have 5 students who like hockey, 2 that like basketball, and 3 that like baseball. You then decide...I want to know if I draw a student's name from a hat, who would like...baseball... then... Favourable outcome / possible outcome. In this case it would be baseball/all sports. 3/10. Hope this helps.