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

Help me please, Cristiano Ronaldo runs 33.6 kilometres per hour. Usain Bolt...

Cristiano Ronaldo runs 33.6 kilometres per hour. Usain Bolt set world record for running 100 m at 9.58 sec. Show me how to compare these two sportsmen. Step by step.

Evaluate indefinite integrals, Evaluate following indefinite integrals. ...

Evaluate following indefinite integrals.  (a) ∫ 5t 3 -10t -6 + 4 dt  (b) ∫ dy Solution  (a) ∫ 5t 3 -10t -6 + 4 dt There's not whole lot to do here other than u

Relations, Suppose A and B be two non-empty sets then every subset of A Χ B...

Suppose A and B be two non-empty sets then every subset of A Χ B describes a relation from A to B and each relation from A to B is subset of AΧB. Normal 0 fals

SAT question, In a certain class, one half of the male students and two thi...

In a certain class, one half of the male students and two thirds of the female students speak French. If there are three fourths as many girls as boys in the class. What fraction o

Analysis of algorithm running time - undirected graph, Problem. You are giv...

Problem. You are given an undirected graph G = (V,E) in which the edge weights are highly restricted. In particular, each edge has a positive integer weight of either {1, 2, . .

Estimate how much did the budget increase, Previous year's budget was 12.5 ...

Previous year's budget was 12.5 million dollars. This year's budget is 14.1 million dollars. How much did the budget increase? Last year's budget must be subtracted from this y

Find the discount factors -linear interpolation, Find the discount factors ...

Find the discount factors -Linear interpolation: All rates should be calculated to 3 decimal places in % (e.g. 1.234%), the discount factors to 5 decimal places (e.g. 0.98765

Fractions, #how do I add fractions?

#how do I add fractions?

Differential equation, Verify Liouville''''s formula for y "-y" - y'''' + y...

Verify Liouville''''s formula for y "-y" - y'''' + y = 0 in (0, 1)

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