possibleoutcomes
Possible outcomes refers to the set of all potential results that can occur from a given event or situation. Understanding possible outcomes is fundamental in fields such as probability, statistics, decision theory, and risk management. In probability, the collection of all possible outcomes of an experiment is called the sample space. For example, when flipping a fair coin, the possible outcomes are heads and tails. When rolling a standard six-sided die, the possible outcomes are the numbers 1, 2, 3, 4, 5, and 6.
The nature of possible outcomes can vary. They can be discrete, meaning there are a finite or
In decision-making, considering the possible outcomes allows individuals or organizations to weigh the potential benefits and