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What is the difference between an outcome and a favorable outcome?
An outcome is any result or consequence, good or bad, desired or undesired. A favorable outcome is the desired consequence. Your right but you should giva an example like i rolled a number six and my favorable outcome is i would like to rool a two.
What is favorable probability?
Favourable probability is the probability that the outcome that you are looking for does actually occur.As an aside, "favourable" can be an unfortunate word if you are looking for the probability of an undesirable outcome - being the victim of a fatal incidence. Not many would consider that as being "favourable".
What is a favorable event in probability?
A favourable outcome is one in which the event that you are looking for happens. The word favourable can have contrary connotations. If studying fatal lightning strikes, a "favourable" outcome is one in which someone dies from being struck by lightning. I don't know many people who would consider that "favourable"!
When would a variance be labeled as favorable?
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What in an event is the ratio of the number of favorable outcomes to the number of possible outcomes?
That's the 'probability' of a favorable outcome.but only if the outcomes are equally likely.
