Explain the difference between outcomes and events. Give examples from experiment (ii) in exercise 5.
Exercise 5
Which of the following observable phenomena can be considered as random experiments:
(i) A die is tossed and the number of dots facing up is counted.
(ii) Select a ball from an urn containing balls numbered 1 to 20 and note the number.
(iii) Observe the monthly changes of the consumer loan rate of interest.
(iv) Select a ball from an urn containing balls numbered 1 to 3. Suppose balls 1 and 2 are black and ball 3 is red. Note the number and color of the ball drawn.
(v) Toss a coin until Heads turns up and note the outcome.
Explain your answer.