A favorable variance is the difference between the budgeted or standard cost and the actual cost. If the actual cost is less than budgeted or standard cost, it is a favorable variance.
You can use "favourable" in a sentence to describe a situation that is advantageous or beneficial, such as "The weather forecast is favourable for our outdoor event."
unfavour
Favorable is the American spelling. Favourable is the British spelling.
Favour The teacher favours the girls.
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"!
The outcome that is the top number on a fraction. e.g. The multiples of 3 are 3 and 6 = there are 2 favourable outcomes. Probability ( multiple of 3 ) + 2/6 = two favourable outcomes/six possible outcomes
One that you like.
Unfavorable.
No, the word 'favourable' (favorable in the US) is an adjective, a word that describes a noun (a favorabledecision, a favourable outcome)The abstract noun forms of the adjective 'favorable' are favourableness and favourability.
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".
idea
Well disposed or propitious.