4 In calculating the probability of losing a game, you told a friend that your textbook referred to a loss as “favorable event.” Your friend challenged you and said that a loss is not favorable. What would you say in response?
Favorable outcome has nothing to do with losing or winning. It can be any event in which we are interesting.
Suppose we want to find the probability of dancing out of swimming, running, walking, jumping and dancing.
Here favorable outcome is dancing because we are interested in dancing event.
If we want to find the probability of running, then running will be our favorable event.
So, favorable outcome can be negative, positive, winning or losing, etc.
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