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

Construction , construct of tangents a circle from an external point when ...

construct of tangents a circle from an external point when its centre is not known

How much greater is 0.0543 than 0.002, How much greater is 0.0543 than 0.00...

How much greater is 0.0543 than 0.002? To ?nd out how much greater a number is, you required to subtract; 0.0543 - 0.002 = 0.0523. For subtract decimals and line the numbers up

Basic indefinite integrals- computing indefinite integrals, Basic indefinit...

Basic indefinite integrals The first integral which we'll look at is the integral of a power of x.                                ∫x n dx = (x n +1 / n + 1)+ c,          n

Function expansion, The functions {sinmx; cosmx}; m = 0,....∞ form a ...

The functions {sinmx; cosmx}; m = 0,....∞ form a complete set over the interval x ∈ [ -Π, Π]. That is, any function f(x) can be expressed as a linear superposition of these

Explain how to converting percents to decimals , Explain how to Converting ...

Explain how to Converting Percents to Decimals ? Percent : "Percent" means "per hundred." Percents are represented by a percent sign ( % ) to the right of a number.  For exam

The parallelogram, love is a parallelogram where prove that love is a rect...

love is a parallelogram where prove that love is a rectangle

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