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

Math help, What fraction of the full price will you pay for 2 shirts? 3 4 ...

What fraction of the full price will you pay for 2 shirts? 3 4 11 2 $45.001 2 .

Estimate the greatest possible number of calculators, Martha has $20 to spe...

Martha has $20 to spend and would like to buy as several calculators as possible along with the money. The calculators that she needs to buy are $4.50 each. How much money will she

Lines, Standard form of the line Let's begin this section off along a q...

Standard form of the line Let's begin this section off along a quick mathematical definition of a line. Any equation that can be written in the following form,

Children have their own strategies for learning maths, Children Have Their ...

Children Have Their Own Strategies For Learning Vibhor, aged 7, was once asked if he knew what 'seven lots of eight' are. He said he didn't. He was then asked, "Can you work it

Probability, There are 20 defective bulbs in a box of 100 bulbs.if 10bulbs ...

There are 20 defective bulbs in a box of 100 bulbs.if 10bulbs are choosen at random then what is the probability of there are just 3defective bulbs

Simplifying rational expressions, I need to simple this rational expression...

I need to simple this rational expression, but I can''t figure out how. (x+1)/(x^2-2x-35)+(x^2+x-12)/(x^2-2x-24)(x^2-4x-12)/(x^2+2x-15)

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