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

Product and quotient rule, Product and Quotient Rule : Firstly let's se...

Product and Quotient Rule : Firstly let's see why we have to be careful with products & quotients.  Assume that we have the two functions f ( x ) = x 3   and g ( x ) = x 6 .

They preferred comedies, A survey was done where a random sample of people ...

A survey was done where a random sample of people 18 and over were asked if they preferred comedies, dramas, or neither. The information gathered was broken down by age group and t

Statistical estimation, Statistical estimation This is the procedure of...

Statistical estimation This is the procedure of using statistic to estimate a population parameter This is divided into point estimation whereas an estimate of a population

In terms of x what is the total number of miles they rode, Noel rode 3x mil...

Noel rode 3x miles on his bike and Jamie rode 5x miles on hers. In terms of x, what is the total number of miles they rode? The terms 3x and 5x are such as terms since they hav

Math probles, Belleville lake was originally blue because it only had 11 al...

Belleville lake was originally blue because it only had 11 algae plants. then towns and farms cropped up by the lake .this cause 446 more algae plants to grow which turned the lake

Math134, how to sketch feasible set

how to sketch feasible set

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