What 5 concepts are covered in the Favorable Outcome Calculator?

event

a set of outcomes of an experiment to which a probability is assigned.

experiment

In statistics, a controlled and repeatable process

favorable outcome

the outcome that you are looking for in an experiment

outcome

a possible result of an experiment or trial

probability

the likelihood of an event happening. This value is always between 0 and 1. P(Event Happening) = Number of Ways the Even Can Happen / Total Number of Outcomes