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

Marketing., what is product life cycle

what is product life cycle

Decimals, how will the decimal point move when 245.398 is multiplied by 10

how will the decimal point move when 245.398 is multiplied by 10

Machines, descuss the seauencing problem for n jobs on two and three machin...

descuss the seauencing problem for n jobs on two and three machines

Problem solving involving quadratic equations, a painting is 20 cm wider th...

a painting is 20 cm wider than its height. its area is 2400 centimeter squared. find its lenght and width

Logarithms, find any integer from 1-128 on a logarithmic scale

find any integer from 1-128 on a logarithmic scale

Multiply 3 (x + 4) = 3x + 12 to find out the total perimeter, Jake required...

Jake required to find out the perimeter of an equilateral triangle whose sides measure x + 4 cm each. Jake realized that he could multiply 3 (x + 4) = 3x + 12 to find out the total

Integral calculus, I need help to understand: fxx for f(x,y)=x^2+y^2-2xy

I need help to understand: fxx for f(x,y)=x^2+y^2-2xy

Hours, jeff left hartford at 2:15 pm and arrived in boston at 4:45 pm how l...

jeff left hartford at 2:15 pm and arrived in boston at 4:45 pm how long did the drive take him?

Measures of central tendency-graphical method , Illustration In a soci...

Illustration In a social survey whether the main reason was to establish the intelligence quotient or IQ of resident in a provided area, the given results were acquired as tab

Absolute mean deviation-measures of central tendency, Illustration 1 I...

Illustration 1 In a described exam the scores for 10 students were given as: Student Mark (x) |x-x¯| A 60

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