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

Modeling , A plastic manufacturer has 1200 boxes of transparent wrap in sto...

A plastic manufacturer has 1200 boxes of transparent wrap in stock at one factory and 1000 boxes at his second factory.The manufacturer has order for this product from 3 different

Find the sides of the two squares, The sum of areas of two squares is 468m ...

The sum of areas of two squares is 468m 2  If the difference of their perimeters is 24cm, find the sides of the two squares. Ans:    Let the side of the larger square be x .

Finding length and height with volume and width?, I figured out the volume ...

I figured out the volume and the width, but I have no idea how to use that information to get the height and the length!

Ellipse, alpha and beta are concentric angles of two points A and B on the ...

alpha and beta are concentric angles of two points A and B on the ellipse.

Harold used a 3% iodine solution and a 20% iodine solution, Harold used a 3...

Harold used a 3% iodine solution and a 20% iodine solution to make a 95- ounce solution in which was 19% iodine. How many ounces of the 3% iodine solution did he use? Let x = t

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. Caculate the residual

How will the decimal point move when 245.398 is multiplied, How will the de...

How will the decimal point move when 245.398 is multiplied by 100? It is moved two places to the right. While multiplying by multiples of 10, the decimal point is moved to the

Rate -categories of multiplication, Rate - when we know how many objects...

Rate - when we know how many objects are in a set, and need to find out the total number in several copies of that set. (e.g., if a child uses 4 copybooks in a year, how many co

Mean value theorem function, Mean Value Theorem : Suppose f (x) is a funct...

Mean Value Theorem : Suppose f (x) is a function which satisfies both of the following. 1. f ( x )is continuous on the closed interval [a,b]. 2. f ( x ) is differentiable on

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