In general language, possible outcomes are results that may occur by performing some task. Possible outcomes are used in math, specifically in probability, to determine what results could exist.

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Outcomes can be predicted mathematically using statistics or probability. To determine the probability of an event occurring, take the number of the desired outcome, and divide it by the possible number of outcomes. With...

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In mathematics, particularly in the field of statistics, a "favorable outcome" refers to the result of an event. A favorable outcome divided by all possible outcomes signifies the likelihood of an event's occurrence.

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Medium-term goals are set to be achieved somewhere between a person's short-term goals and his long-term goals. Since long-term goals can take a long time to achieve, medium-term goals help a person stay motivated while ...

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While an individual can withdraw funds from his 401(k) plan while still working, doing so results in levied income taxes and a 10 percent IRS early-withdrawal penalty, according to U.S. News & World Report. As of 2016, t...

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Subtracting a company's liabilities from its assets results in the business's net worth, also called owner's equity, according to Entrepreneur magazine. Assets, liabilities and net worth are listed on a company's balance...

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A probate estate is the total of all assets owned by a person at the time of his death as stipulated in his will. A probate court must prove a will is genuine through a process called probate administration, as explained...

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