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

Statistics., the mean and standarddeviation of set a is -x ans s respective...

the mean and standarddeviation of set a is -x ans s respectively.find the mean and standard deviation of set b

Square the next consecutive integer find the lesser integer, The square of ...

The square of one integer is 55 less than the square of the next consecutive integer. Find the lesser integer. Let x = the lesser integer and let x + 1 = the greater integer. T

''t'' distribution, The 't' distribution is a theoretical probability distr...

The 't' distribution is a theoretical probability distribution. The 't' distribution is symmetrical, bell-shaped, and to some extent similar to the standard normal curve. It has an

Earning money, Terry earns $680 per week. He is entitled to 4 weeks annual ...

Terry earns $680 per week. He is entitled to 4 weeks annual leave and receives an additional holiday loading of 17.5%. Calculate his total pay for this holiday period.

Find the volume of a right circular cylinder, Find the volume of a right ci...

Find the volume of a right circular cylinder: Calculate the volume and surface area of a right circular cylinder along with r = 3" and h = 4".  Solution: V =      πr 2

Word problem, a recipe good for 4 servings require 1/8 tsp. black pepper an...

a recipe good for 4 servings require 1/8 tsp. black pepper and 1/2 tsp. of salt. how much black pepper and how much salt needed for 2 servings?

Trigonometry 2, three towns are situated in such away that town B is 120 ki...

three towns are situated in such away that town B is 120 kilometers on a bearing of 030 degrees from town A. Town C is 210 kilometers on a bearing of 110 degrees from town A (a)ca

John 47 out of 86 free-throws who best free-throw shooter, Michael made 19 ...

Michael made 19 out of 30 free-throws this basketball season. Larry's freethrow average was 0.745 and Charles' was 0.81. John made 47 out of 86 free-throws. Who is the best free-th

Solid mensuration, what is the importance of solid mensuration?

what is the importance of solid mensuration?

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