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

Solid mensuration, Find the are of the rectilinear.if it is the difference ...

Find the are of the rectilinear.if it is the difference between to isosceles trapezoid whose corrsponding sides are parallel.

Give an examples of simplifying fractions , Give an examples of Simplifying...

Give an examples of Simplifying Fractions ? When a fraction cannot be reduced any further, the fraction is in its simplest form. To reduce a fraction to its simplest form,

Multiplication of two complex numbers, Multiply the given below and write t...

Multiply the given below and write the answer in standard form. (2 - √-100 )(1 + √-36 ) Solution If we have to multiply this out in its present form we would get,  (2 -

Help, how do I round a # and decimal

how do I round a # and decimal

Pair of straight lines, find the equation of locus of point which lies on b...

find the equation of locus of point which lies on bisectors of angles between the coordinate axes

Sequencing., how to select out time for m2

how to select out time for m2

Trigonometric ratios, to difine trigonometric ratios of an angle,is it nece...

to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?

How do you find the second minimum spanning tree of a graph, How do you fin...

How do you find the second minimum spanning tree of a graph?  Find the second minimum spanning tree of the following graph.  Ans: The second minimum spanning tree is acq

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