Marginal probability, Mathematics

Assignment Help:

Marginal Probability

Probability of event A happening, denoted by P(A), is called single probability, marginal or unconditional probability.

Marginal or Unconditional Probability is defined as the ratio of number of possible outcomes favorable to the event A to the total number of possible outcomes.

P(A) 

= 1428_marginal probability.png

The definition assumes that the elements of the sample space have an equally likely chance of occurring.

Example 

A gambler places a bet on numbers 14 through 25. There are 12 equally likely winning outcomes. The roulette wheel (a gambling instrument which can display any one of 38 equally likely numbers as the winning number) contains 38 equally likely outcomes.

The probability of the wheel stopping on a number from 14 through 25 (say event A) = 12/38 = 0.316.

The probability of losing, i.e. the wheel stopping on numbers other than 14 through 25 (say event B) is the probability of the complement of A occurring. The complement of an event A is defined as  A' , where  A' represents the non-occurrence of event A. So, the probability of  A'  (B) = 26/38 = 0.684.

P (A') = P(B) = 1 - P(A) because A and  A'  are the only possible events and they are mutually exclusive events of the sample of 38 equally likely outcomes. Thus, P(A) + P (A') = 1 and P(A and  A' ) is 0.


Related Discussions:- Marginal probability

?, x/15=50/20

x/15=50/20

Fractions rates and ratios, In 6th grade I am learning about ratios rates a...

In 6th grade I am learning about ratios rates and fractions. I am working on vmathlive.com and need serious.

Find the maximum expected holdings, Problem: A person has 3 units of mo...

Problem: A person has 3 units of money available for investment in a business opportunity that matures in 1 year. The opportunity is risky in that the return is either double o

Market testing, what are the dangers of not market testing a product

what are the dangers of not market testing a product

Briefly explain markov chains, Question 1 An experiment succeeds twice as ...

Question 1 An experiment succeeds twice as often as it fails. Find the chance that in the next six trials there will be at least four successes Question 2 An insurance compan

Quick help for exam preparation, can you help me with entrance exam for uni...

can you help me with entrance exam for university ? i really need help so quick

the speed of the motor boat, A motor boat takes Six hours to cover 100 km ...

A motor boat takes Six hours to cover 100 km downstream and 30 km  upstream. If the motor boat goes 75 km downstream and returns  back to its starting point in 8 hours, find the sp

Statistics Assignment, A. Design an investigation that details the followi...

A. Design an investigation that details the following six components:

Problem, if .77x + x = 8966.60, what is the value of x?

if .77x + x = 8966.60, what is the value of x?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd