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A possible outcome is an element of the outcome space. All possible outcomes make up the outcome space.
the definition of possible outcome is the possibility of something happening.
The final outcome of using the cause-and-effect (Fishbone) diagram is to identify the problem statement.
The outcome is that you have pulled a marble out of the bag.
A favorable outcome refers to a specific result that is considered desirable or advantageous in a given situation. On the other hand, a possible outcome is any potential result that could occur, regardless of desirability. In probability theory, the likelihood of a favorable outcome is often calculated by dividing the number of favorable outcomes by the total number of possible outcomes.