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

Explain graphing equations with a negative slope, Explain Graphing Equation...

Explain Graphing Equations with a Negative Slope? If the slope is a negative fraction, place the negative sign on either the numerator or the denominator. Example graph y = -2/

Shares and dividend, a man in rested rupee 800 is buying rupee 5 shares and...

a man in rested rupee 800 is buying rupee 5 shares and then are selling at premium of rupee 1.15. He sells all the shares.find profit

Coming to grips with mathematics, Coming To Grips With Mathematics :  How ...

Coming To Grips With Mathematics :  How does a child acquire mathematical concepts? Can any concept be presented to a child at any stage in such a manner that the child gets some

How many feet is the new length if the new area is 141, A rectangular garde...

A rectangular garden has a width of 20 feet and a length of 24 feet. If each side of the garden is increased through the similar amount, how many feet is the new length if the new

Cenamatic, a tire placed on a balancing machine in a service station starts...

a tire placed on a balancing machine in a service station starts from rest an d turns through 4.7 revolutions in 1.2 seconds before reaching its final angular speed Calculate its a

Lim x, Q. lim x tends to 0 (5 tanx sinx upon x square) here ( ) this bracke...

Q. lim x tends to 0 (5 tanx sinx upon x square) here ( ) this bracket indicates greatest integer function Ans: You can calculate the limit of this function using basic concept of

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