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

Brownian motion, How do I find the density of a square of a brownian motion...

How do I find the density of a square of a brownian motion .

Hyperbolic paraboloid- three dimensional space, Hyperbolic Paraboloid- Thre...

Hyperbolic Paraboloid- Three Dimensional Space The equation which is given here is the equation of a hyperbolic paraboloid. x 2 / a 2 - y 2 / b 2 = z/c Here is a dia

Statistics, what is meant by "measure of location"

what is meant by "measure of location"

Calculus, what is a domain of a function?

what is a domain of a function?

Statistic, Suppose that the probability of your favorite baseball player ge...

Suppose that the probability of your favorite baseball player getting a hit at bat is 0.45. Assume that each at bat is independent. What is the probability that he bats eight times

Division, Why do we start dividion operation from left to right?

Why do we start dividion operation from left to right?

Detremine the surface area to the nearest inch, If a tabletop has a diamete...

If a tabletop has a diameter of 42 in, Detremine the surface area to the nearest inch? (π = 3.14) a. 1,384 in 2 b. 1,319 in 2 c. 1,385 in 2 d. 5,539 in 2 c. Th

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