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

Mechanical vibrations, While we first looked at mechanical vibrations we lo...

While we first looked at mechanical vibrations we looked at a particular mass hanging on a spring with the possibility of both a damper or/and external force acting upon the mass.

Chi square distribution, Chi Square Distribution Chi square was first ...

Chi Square Distribution Chi square was first utilized by Karl Pearson in 1900. It is denoted by the Greek letter χ 2 . This contains only one parameter, called the number of d

Example of set representation, Can anybody suggest me any example of Set Re...

Can anybody suggest me any example of Set Representation?

Multiple integrals, how to convert double integral into polar coordinates a...

how to convert double integral into polar coordinates and change the limits of integration

Fractions, A car travels 283 1/km in 4 2/3 hours .How far does it go in 1 h...

A car travels 283 1/km in 4 2/3 hours .How far does it go in 1 hour?

Which of the subsequent terms does not describe the number 9, Which of the ...

Which of the subsequent terms does NOT describe the number 9? Nine is NOT prime since it has 3 factors; 1, 3, and 9. Prime numbers have only 2 factors.

Complex roots - second order differential equations, We will be looking at ...

We will be looking at solutions to the differential equation, in this section ay′′ + by′ + cy = 0 Wherein roots of the characteristic equation, ar 2 + br + c = 0 Those

Integrals involving quadratics - integration techniques, Integrals Involvin...

Integrals Involving Quadratics To this point we have seen quite some integrals which involve quadratics.  Example of Integrals Involving Quadratics is as follow: ∫ (x / x 2

Pre Calc, Find reference angle alpha and thea element of [0 degrees, 1800 d...

Find reference angle alpha and thea element of [0 degrees, 1800 degrees]

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