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

Draw the state diagram - transition function, 1. Let M be the PDA with stat...

1. Let M be the PDA with states Q = {q0, q1, and q2}, final states F = {q1, q2} and transition function δ(q0, a, λ) = {[q0, A]} δ(q0, λ , λ) = {[q1, λ]} δ(q0, b, A) = {[q2

Multiplication and division should be learnt intermeshed, E1) Do you agree ...

E1) Do you agree that multiplication and division should be learnt intermeshed with each other, or not? Give reasons for your answer.  E2) How would you explain to children wh

On income and return from shares, a company declares a semu annual dividend...

a company declares a semu annual dividend on 5%.a man has 400 shares of the company.if his annual income from the share is rs 1000 find the face value of each share?

What are whole numbers, Q. What are Whole numbers? The set of whole num...

Q. What are Whole numbers? The set of whole numbers is the set of natural numbers with the zero thrown in: 0,1,2,3,4,... Hint: Some people remember that the whole numbers

Distinct roots, There actually isn't a whole lot to do throughout this case...

There actually isn't a whole lot to do throughout this case.  We'll find two solutions which will form a basic set of solutions and therefore our general solution will be as,

Solving a system of 2 equations addition-subtraction method, Solving a Syst...

Solving a System of 2 Equations Using the Addition/Subtraction Method To solve a system of linear equations using the addition/subtraction method, both equations should first b

How much, If one acre costs $2500 how much does .39 of an acre cost

If one acre costs $2500 how much does .39 of an acre cost?

Function of a function, Function of a Function Suppose ...

Function of a Function Suppose y is a function of z,            y = f(z) and z is a function of x,            z = g(x)

Simple derivatives, Simple derivatives Example   Differentiate followin...

Simple derivatives Example   Differentiate following.  (5x 3   - 7 x + 1) 5 ,[ f ( x )] 5 ,[ y ( x )] 5 Solution: Here , with the first function we're being asked to

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