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

Using euclid''s algorithm find the value of x & y, If d is the HCF of 30, 7...

If d is the HCF of 30, 72, find the value of x & y satisfying d = 30x + 72y. (Ans:5, -2 (Not unique) Ans:    Using Euclid's algorithm, the HCF (30, 72) 72 = 30 × 2 + 12

Find the curve on the surface - shortest arc lenght, (a) Find the curve on ...

(a) Find the curve on the surface z=x 3/2 joining the points(x,y,z)=(0,0,0) and (1,1,1) has the shortest arc lenght? (b) Use a computer to produce a plot showing the surface an

Problem solving for andre, Problem solving for andre A can of powdered ...

Problem solving for andre A can of powdered milk and a can of evaporated milk cost Php 83.90 together. Two cans of evaporated milk and a can of powdered milk cost Php 118.05

Answer, #questi0+50x1-60-60x0+10on..

#questi0+50x1-60-60x0+10on..

TRIGONOMETRY, EXPLAIN ME ABOUT ITS FUNCTIONS.

EXPLAIN ME ABOUT ITS FUNCTIONS.

Which of the subsequent terms does not describe the number 9, Which of the ...

Which of the subsequent terms does NOT describe the number 9? Nine is NOT prime since it has 3 factors; 1, 3, and 9. Prime numbers have only 2 factors.

Maths, whats 100 + 90 - 6

whats 100 + 90 - 6

How many cubic feet of steel is require to construct, A spherical holding t...

A spherical holding tank whose radius to the outer surface is 10 feet is constructed of steel 1 inch thick. How many cubic feet of steel is require to construct the holding tank? R

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