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

What was the total cost of the copies, Mary made 34 copies at the local off...

Mary made 34 copies at the local office supply store. The copies cost $0.06 each. What was the total cost of the copies? Multiply 34 by $0.06 to ?nd out the total cost; 34 × $0

Evaluate the perimeter of the plot of land, Evaluate the perimeter of the p...

Evaluate the perimeter of the plot of land. a. 260 m b. 340 m c. 360 m d. 320 m To evaluate the perimeter, we must know the length of all sides. According to the dia

Applied Math, Calucations of gradients find f Graph some level curve f=cons...

Calucations of gradients find f Graph some level curve f=const. f=9x^2 = 4y^2

Run a chi-square test, Download the data on Gas Mileage.  This is a sample ...

Download the data on Gas Mileage.  This is a sample of 81 passenger cars with information about gas consumption and other technical details.     a.        Estimate the following

What is metric system explain in brief, What is Metric System explain in br...

What is Metric System explain in brief? There are two main systems of measurement in use today. Most countries in the world use the Metric System. In only three countries-the

Random variable, RANDOM VARIABLE A variable which assumes differ...

RANDOM VARIABLE A variable which assumes different numerical values as a result of random experiments or random occurrences is known as a random variable. The rainfal

Trigomometrical, ABCD is a rhombus. the sides of the rhombus are 8cm long ....

ABCD is a rhombus. the sides of the rhombus are 8cm long .one of its diagonals is 12cm .find the angels of the rhombus

Sas, can you tell me how to find the "x" and the "y" when trying to find if...

can you tell me how to find the "x" and the "y" when trying to find if two triangles are smiliar

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