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.
It can be. So what?
6
It is the theoretical probability of the event.
not all negotiations lead to favorable outcomes.
fifty-fifty
It's the number of favorable outcomes & the number of possible outcomes.
how do we analyze favorable and possible outcomes
That's the 'probability' of a favorable outcome.but only if the outcomes are equally likely.
It can be. So what?
The probability of an event occurring can be found by dividing the number of favorable outcomes (what you want to happen) by the number of possible outcomes number of favorable outcomes probability = _________________________ number of possible outcomes
1023:1022
6
It is the theoretical probability of the event.
The probability of the event that comprises the favourable outcome.
Probability equals favorable outcomes divided by total number of outcomes.
not all negotiations lead to favorable outcomes.
fifty-fifty