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

If the area of the parallelogram is 36 m2 what is the height, The height of...

The height of a parallelogram measures 5 meters more than its base. If the area of the parallelogram is 36 m 2 , what is the height in meters? Let x = the measure of the base a

Equations of lines - three dimensional spaces, Equations of Lines In t...

Equations of Lines In this part we need to take a view at the equation of a line in R 3 .  As we saw in the earlier section the equation y = mx+b does not explain a line in R

???, a deposit of 10,000 was made to an account the year you were born afte...

a deposit of 10,000 was made to an account the year you were born after 12 years the account is worth 16,600 what is the simple interest rate did the account earn?

Rotational symmetry .., write down the order of rotational symmetry of the ...

write down the order of rotational symmetry of the rectangle

20 MARK QUESTION, Let E; F be 2 points in the plane, EF has length 1, and l...

Let E; F be 2 points in the plane, EF has length 1, and let N be a continuous curve from E to F. A chord of N is a straight line joining 2 points on N. Prove if 0 Prove that N ha

Consumer behavior, explain big 5 ppersonality model, suggest thier target m...

explain big 5 ppersonality model, suggest thier target market and one marketing strategiy for each .

Linear functions, Linear functions are of the form: y = a 0 ...

Linear functions are of the form: y = a 0 + a 1 x 1 + a 2 x 2 + ..... + a n x n where a 0 , a 1 , a 2 ..... a n are constants and x 1 , x 2 ..... x n a

Identify the flaw in the argument, Identify the flaw in the following argum...

Identify the flaw in the following argument which supposedly determines that n 2 is even when n is an even integer. As well name the reasoning:             Assume that n 2 is

Formula to calculate the surface area of basketball, Keith wants to know th...

Keith wants to know the surface area of a basketball. Which formula will he use? The surface area of a sphere is four times π times the radius squared.

Determine the largest possible domain and inverse function, Consider the fu...

Consider the function f(x) =1/2 (2 x +2 -x ) which has the graph (a) Explain why f has no inverse function. You should include an example to support your explanation

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