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

Indices, what are the advantages and disadvantages of both Laspeyres and Pa...

what are the advantages and disadvantages of both Laspeyres and Paasche index

Solve factors for given equations, 1/a+b+x  =1/a+1/b+1/x    a+b ≠ 0 ...

1/a+b+x  =1/a+1/b+1/x    a+b ≠ 0 Ans: 1/a+b+x  =1/a+1/b+1/x => 1/a+b+x -1/x = +1/a +1/b ⇒  x - ( a + b + x )/ x ( a + b + x )   = + a + b/ ab ⇒

COS Sheets, How do I find percentages with doing COS Sheets

How do I find percentages with doing COS Sheets

Utilize the chain rule to differentiate, Chain Rule : Assume that we have ...

Chain Rule : Assume that we have two functions f(x) & g(x) and they both are differentiable. 1.   If we define F ( x ) = ( f o g ) ( x ) then the derivative of F(x) is,

Krystal, what is the tenths place

what is the tenths place

Prove that bd/cd = bf/ce, In the given figure, ∠AEF=∠AFE and E is the mid-p...

In the given figure, ∠AEF=∠AFE and E is the mid-point of CA. Prove that BD/CD = BF/CE Ans:    Draw CG ¦DF In ΔBDF CG ¦ DF ∴ BD/CD = BF/GF     .............(1)

What is the percent of increase heating oil, The price of heating oil rose ...

The price of heating oil rose from $1.10 per gallon to $1.43 per gallon. What is the percent of increase? The price of heating oil rose $0.33 ($1.43 - $1.10 = $0.33). To ?nd ou

Rational numbers, Although the set of integers caters to a larger aud...

Although the set of integers caters to a larger audience, it is inadequate. This inadequacy has led to the formulation of Rational numbers. Rational numbers are 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