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

Probability rules, Probability Rules A probability is a number as...

Probability Rules A probability is a number assigned to the occurrence of an event in a sample space. Probability measures must satisfy three rules. If A is an even

Fractions, #question.mario has 3 nickelsin his pocket.wha fraction ofadolla...

#question.mario has 3 nickelsin his pocket.wha fraction ofadolla do 3 nickels represent

What is the width of the walkway in feet, A garden in the shape of a rectan...

A garden in the shape of a rectangle is surrounded through a walkway of uniform width. The dimensions of the garden only are 35 by 24. The field of the garden and the walkway toget

the comic book, a) The first comic book is of shakitman was sold in 1938. ...

a) The first comic book is of shakitman was sold in 1938. In 2010, the estimated price for this comic book in good condition was about $500,000. This represented a return of 25 per

Linear graph, in the form of linear graph interpret the ralationship betwee...

in the form of linear graph interpret the ralationship between two quantities

Marketing management , #How are Indian customers visiting Shoppers’ Stop an...

#How are Indian customers visiting Shoppers’ Stop any different from customers of developed western countries?

Geometry, the figure is a rectangle with angle y=60. Find angle x

the figure is a rectangle with angle y=60. Find angle x

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