Step 1: Find total possible outcomes.
Set for \(x\) is
\[
\{1,2,3,4\}
\]
which contains \(4\) elements.
Set for \(y\) is
\[
\{5,6,7\}
\]
which contains \(3\) elements.
Therefore, total possible ordered pairs are
\[
4\times3=12
\]
Step 2: Understand when \(xy\) is even.
The product \(xy\) is even if at least one of \(x\) or \(y\) is even.
Instead of counting directly, count the complement event.
\[
xy \text{ is odd}
\]
only when both \(x\) and \(y\) are odd.
Step 3: Count odd values.
Odd elements in \(\{1,2,3,4\}\):
\[
1,3
\]
So, number of odd choices for \(x\) is \(2\).
Odd elements in \(\{5,6,7\}\):
\[
5,7
\]
So, number of odd choices for \(y\) is \(2\).
Hence, number of outcomes where \(xy\) is odd:
\[
2\times2=4
\]
Step 4: Find the probability.
Number of outcomes where \(xy\) is even:
\[
12-4=8
\]
Therefore, required probability is
\[
\frac{8}{12}
\]
\[
=\frac23
\]
Step 5: Final conclusion.
Hence, the probability that \(xy\) is even is
\[
\boxed{\frac23}
\]