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 are logarithmic function, The logarithm of a provided number b to the ...

The logarithm of a provided number b to the base 'a' is the exponent showing the power to which the base 'a' have to be raised to get the number b. This number is defined as log a

My homework, Paulina played 3 soccer games on Saturday she drank I juice bo...

Paulina played 3 soccer games on Saturday she drank I juice box during each soccer game how many juice boxes did she drank

Solve cos( 4 ) = -1 trig function, Solve cos( 4 θ ) = -1 . Solution ...

Solve cos( 4 θ ) = -1 . Solution There actually isn't too much to do along with this problem.  However, it is different from all the others done to this point.  All the oth

Complex numbers, express the complex number z=5+i divide 2+3i in the form ...

express the complex number z=5+i divide 2+3i in the form a+ib

Circles, examples of construction of excircles

examples of construction of excircles

Inverse function, how to solve the equation of an inverse function

how to solve the equation of an inverse function

Definite integral, from 0->1: Int sqrt(1-x^2) Solution) I=∫sqrt(1-x 2 ...

from 0->1: Int sqrt(1-x^2) Solution) I=∫sqrt(1-x 2 )dx = sqrt(1-x 2 )∫dx - ∫{(-2x)/2sqrt(1-x 2 )}∫dx ---->(INTEGRATION BY PARTS)        = x√(1-x 2 ) - ∫-x 2 /√(1-x 2 ) Let

Market orientation, what is market orientation? what is the importance of ...

what is market orientation? what is the importance of market orientation?what are its implementation?

Find x if one ball is drawn at random from the box, A box contains 12 balls...

A box contains 12 balls out of which x are black .if one ball is drawn at random from the box  what is the probability that it will be a black ball ? If 6 more black balls are   pu

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