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

Vb code, some basic vb codes withing excel to get things done quickly.

some basic vb codes withing excel to get things done quickly.

Multiplication and division should be learnt intermeshed, E1) Do you agree ...

E1) Do you agree that multiplication and division should be learnt intermeshed with each other, or not? Give reasons for your answer.  E2) How would you explain to children wh

Addition rule - probability rule, The Addition Rule: Mutually Exclusive Eve...

The Addition Rule: Mutually Exclusive Events P(A or B or C) = P(A) + P(B) + P(C) This can be represented by the Venn diagram as follows:

Dividing, If I divide any number do I get the manservant 2 times

If I divide any number do I get the manservant 2 times

Methods of set representation, I have an assignment of set theory, please E...

I have an assignment of set theory, please Explain Methods of set representation.

Determine fog and gof, Let g be a function from the set G = {1,2,3,...34,35...

Let g be a function from the set G = {1,2,3,...34,35,36).  Let f be a function from the set F = {1,2,3,...34,35,36}.  Set G  and F contain 36 identical elements (a - z and 0 - 9).

Monica, Express area of a square with sides of length 5ab as a monomial.

Express area of a square with sides of length 5ab as a monomial.

What is common triangles, Q. What is Common Triangles? Ans. Some t...

Q. What is Common Triangles? Ans. Some triangles appear more commonly than others. You will come across two triangles repeatedly as you learn more about trigonometry. T

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