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

Integration, how to learn integration?easier

how to learn integration?easier

Estimate how much should every friend pay, A group of ?ve friends gone out ...

A group of ?ve friends gone out to lunch. The total bill for the lunch was $53.75. Their meals all cost about the similar, so they needed to split the bill evenly. Without consider

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

Recognize the intervals for function h ( x ) = 3x5 - 5x3 + 3, For the given...

For the given function recognize the intervals where the function is increasing and decreasing and the intervals where the function is concave up & concave down. Utilizes this info

Fractions, If i worked 7 1/3 hours and planted 11 trees how many hours did ...

If i worked 7 1/3 hours and planted 11 trees how many hours did it take to plant each tree?

Example of regression equation, Example of Regression Equation An inve...

Example of Regression Equation An investment company advertised the sale of pieces of land at different prices. The given table shows the pieces of land their costs and acreag

Linear differential equations, The first particular case of first order dif...

The first particular case of first order differential equations which we will seem is the linear first order differential equation. In this section, unlike many of the first order

Fractions, what the answer to 1/4+1/3=3/12=?

what the answer to 1/4+1/3=3/12=?

Application of statistics-human resource management, Human resource managem...

Human resource management Statistics may be utilized in efficient employ of human resources for example we may provide questionnaires to workers to find out where the manageme

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