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 is negative exponents explain, What is Negative Exponents explain? ...

What is Negative Exponents explain? Here's a problem which results in a negative exponent: 3 4 /3 7 = 3 (4-7) = 3 -3 A negative exponent means the same thing as making

Distinct eigenvalues-sketching the phase portrait, Sketch the phase portrai...

Sketch the phase portrait for the given system. Solution : From the last illustration we know that the eigenvectors and eigenvalues for this system are, This tu

Real analysis, .find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd a...

.find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd and liminf Ek=[(-1,(1/k)] for k even

Show that 8 - 10 + 21= 0, If A, B and P are the points (-4, 3), (0, -2) and...

If A, B and P are the points (-4, 3), (0, -2) and (α,β) respectively and P is equidistant from A and B, show that 8α - 10β + 21= 0. Ans :   AP = PB ⇒ AP 2 = PB 2 (∝ + 4) 2

Ellipse, different types of ellipse

different types of ellipse

Find out the center of mass, Find out the center of mass for the region bou...

Find out the center of mass for the region bounded by y = 2sin (2x), y =0 on  the interval  [0 , Π/2] Solution Here is a sketch (diagram) of the region along with the cent

Example of fractional equations, Example of Fractional Equations: Exa...

Example of Fractional Equations: Example: Solve the fractional equation (3x +8)/x +5 =0 Solution: Multiply both sides of the equation by the LCD (x). (x) ((3x

Variance, Variance Consider the example of investment opportunities. Th...

Variance Consider the example of investment opportunities. The expected gains were Rs.114 and Rs.81 respectively. The fact is that an investor also looks at the dispersion befo

Constants of integration, CONSTANTS OF INTEGRATION Under this section w...

CONSTANTS OF INTEGRATION Under this section we require to address a couple of sections about the constant of integration. During most calculus class we play pretty quick and lo

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