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

Calculate plurality voting and borda count, Consider the following set of p...

Consider the following set of preference lists:                                                      Number of Voters (7)                 Rank            1          1

Zero-day attack, What is Zero-Day Attack? Explain Zero-Day Attack

What is Zero-Day Attack? Explain Zero-Day Attack

Pair of st line, #qu Given the equation through what angle should the axes...

#qu Given the equation through what angle should the axes be rotated so that the term in xy be waiting from the transformed equation. estion..

Calculas, Q1: Find three positive numbers whose sum is 54 and whose product...

Q1: Find three positive numbers whose sum is 54 and whose product is as large as possible.

Measurement story problem, Seth has a pet goldfish. When he got his goldfis...

Seth has a pet goldfish. When he got his goldfish , it was only 5 centimeters long . Now it has grown to be 92 millimeters long. How many millimeters has the goldfish grown since

Solving problem with linear function, An electric utility company determine...

An electric utility company determines the monthly bill for a residential customer by adding an energy charge of 5.72 cents per kilowatt-hour to its base charge of $16.35 per month

Without a calculator give the exact value, without a calculator give the ex...

without a calculator give the exact value of each of the following logarithms. (a) (b) log1000 (c) log 16 16 (d) log 23 1  (e)  Solution (b) log10

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