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

Adding fractions, please give the answer 1/9+1/3 with working out

please give the answer 1/9+1/3 with working out

SHARES AND DIVIDEND, PLEASE PROVIDE SOME STUFF TO WRITE ON SHARES AND DIVID...

PLEASE PROVIDE SOME STUFF TO WRITE ON SHARES AND DIVIDEND

Find the ratio of line segment, Find the ratio in which the line segment jo...

Find the ratio in which the line segment joining A(6,5) and B(4,-3) is divided by the line y=2           (Ans:3:5) Ans :   Let the ratio be k:1 x = 4 k + 6/ k +1 y

Prove that the height of the center of the balloon, A round balloon of radi...

A round balloon of radius 'a' subtends an angle θ at the eye of the observer while the angle of elevation of its centre is Φ.Prove that the height of the center of the balloon is a

Help, how long would it take if a submarine if it goes 3 feet per minute to...

how long would it take if a submarine if it goes 3 feet per minute to get to 20000 answer

Math probles, Belleville lake was originally blue because it only had 11 al...

Belleville lake was originally blue because it only had 11 algae plants. then towns and farms cropped up by the lake .this cause 446 more algae plants to grow which turned the lake

Fractions, how can I compare fractions with unlike denominators?

how can I compare fractions with unlike denominators?

Multiply, 37x7= multiply answer it.

37x7= multiply answer it.

If all the tickets are the similar price what was the cost, The total ticke...

The total ticket sales for a soccer game were $1,260; 210 tickets were purchased. If all the tickets are the similar price, what was the cost of a ticket? Divide the total sale

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