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

Example of integrals involving quadratics, Evaluate the following integral....

Evaluate the following integral. ∫√(x 2 +4x+5) dx Solution: Remind from the Trig Substitution section that to do a trig substitution here we first required to complete t

Determine the price paid for a land, A parcel of land, value $250,000 is so...

A parcel of land, value $250,000 is sold to an investor who signs a contract agreeing to pay a deposit of $25,000 followed by equal quarterly payments for as long as necessary, wit

Find the distance of the journey, A train covered a certain distance at a u...

A train covered a certain distance at a uniform speed.  If the train would have been 6km/hr faster, it would have taken 4hours less than the scheduled time.   And if the train were

Geometry , solve for x and y 2x+3y=12 and 30x+11y=112

solve for x and y 2x+3y=12 and 30x+11y=112

Circumcircle problem, find the radius of circumcircle of an equilateral tri...

find the radius of circumcircle of an equilateral triangle of 6root3 one side.

How many multiplication required to calculate matrix product, (a) Assume th...

(a) Assume that A is a m 1 ×m 2 matrix and B is a m 2 ×m 3 matrix. How many multiplications are required to calculate the matrix product AB? (b) Given that A 1 is a 20 × 50 m

Is this a sample statistic.., jenna asked 100 of her schoolmates if they ha...

jenna asked 100 of her schoolmates if they have had their first kiss and 43 of them said yes

Descriptive statistics, Descriptive Statistics Statistics Definit...

Descriptive Statistics Statistics Definition of Statistics: it viewed as a subject is a process of tabulating, collecting and analyzing numerical data upon which importan

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