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

Simultaneous equations, i need a step by step guide to answering simultaneo...

i need a step by step guide to answering simultaneous equation for gcses

Divides a given line segment internally in the ratio of 1:3, Divides a give...

Divides a given line segment internally in the ratio of 1:3 Construction : i )Draw a ray AX making an acute angle with AB. ii) Mark 4 points at equal distance. on AX Let

Pre Calc, Find reference angle alpha and thea element of [0 degrees, 1800 d...

Find reference angle alpha and thea element of [0 degrees, 1800 degrees]

What was the total cost of her order, Leslie ordered a slice of pizza for $...

Leslie ordered a slice of pizza for $1.95, a salad for $2.25, and a soda for $1.05. What was the total cost of her order? The cost of every item must be added together; $1.95 +

Algebra, 25 algebraic equations that equal 36

25 algebraic equations that equal 36

Mensuration, How do mensuration relate to the real life issues

How do mensuration relate to the real life issues

Subtract, Ask question Minimum 100 words accepted# 1000-101

Ask question Minimum 100 words accepted# 1000-101

Calculate the area of remaining piece of cardboard, A piece of cardboard in...

A piece of cardboard in the shape of a trapezium ABCD & AB || DE, ∠ BCD = 900, quarter circle BFEC is removed. Given AB = BC = 3.5 cm, DE = 2 cm. Calculate the area of remaining p

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