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 the vertex formula, Explain the Vertex Formula ? The vertex for...

Explain the Vertex Formula ? The vertex formula is a convenient way of finding the vertex of the graph for any quadratic function. The graph of the quadratic equation f(x) = ax

Triangles, CM and RN are resp. the medians of triangle ABC and Triangle PQR...

CM and RN are resp. the medians of triangle ABC and Triangle PQR.if triangle ABC similar to Triangle PQR TRIANGLE AMC SIMILAR TO PNR

Linear code with generator matrix , 1. Consider the code of size 4 (4 codew...

1. Consider the code of size 4 (4 codewords) and of length 10 with codewords listed below. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 0 0 0 0 0 1 1 1 1 1 1 1 1 1

Algebra, Hi, I don''t know how to solve 2(5x+3)

Hi, I don''t know how to solve 2(5x+3)

Geometyr, Lines EF and GH are graphed on this coordinate plane. Which point...

Lines EF and GH are graphed on this coordinate plane. Which point is the intersection of lines EF and GH?

Find all the real solutions to cubic equation, Find all the real solutions ...

Find all the real solutions to cubic equation x^3 + 4x^2 - 10 =0. Use the cubic equation x^3 + 4x^2 - 10 =0 and perform the following call to the bisection method [0, 1, 30] Use

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