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