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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.
It's the number of favorable outcomes & the number of possible outcomes.
fifty-fifty