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

Problem, if .77x + x = 8966.60, what is the value of x?

if .77x + x = 8966.60, what is the value of x?

Maths For Fun, Ask Suppose I offer you a loan to start a safety matchstick ...

Ask Suppose I offer you a loan to start a safety matchstick production unit on the following terms: I shall first advance you Rs.50,000/- to set up your unit, and wait for 3 month

Quantitative Technique in Marketing, a company''s advertising expenditures ...

a company''s advertising expenditures average $5,000 per month. Current sales are $29,000 and the saturation sales level is estimated at $42,000. The sales-response constant is $2,

What is the value of the lesser integer, The sum of three times a greater i...

The sum of three times a greater integer and 5 times a lesser integer is 9. Three less than the greater equivalent the lesser. What is the value of the lesser integer? Let x =

Binomial, how do you find the co=efficent when there are two brackets invol...

how do you find the co=efficent when there are two brackets involved?

Give the example of exponents, Give the example of Exponents? When a nu...

Give the example of Exponents? When a number is multiplied several times, it is easier to write it as an exponent. For example, four multiplied to itself three times, is writte

Regression, regression line drawn as Y=C+1075x, when x was 2, and y was 239...

regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

Concepts of sampling error, Use the concepts of sampling error and z- scor...

Use the concepts of sampling error and z- scores to explain the concept of distribution of sample means.

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