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What is the difference between a favourable outcome and a possible outcome?

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.


The what of event is the number of ways that the event can occur over the number of possible outcomes?

probability


What is the measure of how likely an event will occur?

Probability is the measure of how likely an event is. ... The probability of event A is the number of ways event A can occur divided by the total number of possible.


What is the formula for calculating probability?

short answer; it depends. Generally, you can say the probablility of an event having a specific outcome is the number of ways in which that outcome can occur divided by the total number of ways any outcome can occur. For example, the likelihood of drawing a heart from a standard 52 card deck is 13/52 because there are 13 possible results that have the desired outcome (IE 13 heart cards) and 52 total possible outcomes (52 possible cards).


What is the mathematical chance that an event will occur?

The number of possible outcomes that matches the event divided by the total number of possible outcomes is the probabilityof that event.


What is the ratio of the number of ways an event can occur to the number of possible outcomes?

The term is probability (theoretical probability), or how likely a given event is to occur.


What does unfavourable outcome mean?

It is an outcome of a trial in which the event of interest does not occur.


How do you determine the number of times an event will occur?

You cannot determine the number of times an event will occur - unless its probability is 0 or 1. In other cases, you can estimate the expected number of times it will occur. If the outcome of each trial is independent, then the expected number is the probability of the event occurring in one trial multiplied by the number of trials. If the outcome of each trial is not independent then you need to develop a model that takes account of the dependencies.


What word means the ratio of the number of ways an event can occur to the number of possible outcomes?

There is no single word. It is the "probability of that event" (four words).


How does the number of possible outcomes of a single event help you determine the total number of possible outcomes of a compound event?

The total number of possible outcomes of a compound event can be determined by multiplying the number of possible outcomes of each individual event. This is based on the fundamental principle of counting, which states that if one event can occur in (m) ways and a second event can occur independently in (n) ways, the two events together can occur in (m \times n) ways. This multiplication applies to any number of independent events, allowing for a systematic way to calculate the total outcomes for more complex scenarios.


The ratio of the number of ways an event can occur to the number possible outcomes?

number of outcomes divided by the number of ways of occurrence


What is the ratio of the number of ways an event can occur to the total number of possible outcomes?

If each of the ways is equally likely then it is the probability of the event but otherwise it is simply a ratio.