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

Standard basis vectors -application of scalar multiplication, Standard Basi...

Standard Basis Vectors Revisited In the preceding section we introduced the idea of standard basis vectors with no really discussing why they were significant.  We can now do

6thgrade, do you have 3 digit and 4 digit number problem

do you have 3 digit and 4 digit number problem

Comperative statics, Discuss comparative statics,Market model and Nationa i...

Discuss comparative statics,Market model and Nationa income model

Find the external surface area, A shuttlecock used for playing badminton ha...

A shuttlecock used for playing badminton has the shape of a frustum of a Cone mounted on a hemisphere.  The external diameters of the frustum are 5 cm and 2 cm, and the height of t

Chapter problem temperature around the globe.., predict whether there is a ...

predict whether there is a relationship between the mean January temperatures of a city in North America and the city''s position west of the prime meridian.

Solve the form x2 - bx - c in factoring polynomials, Solve The form x 2 -...

Solve The form x 2 - bx - c in  Factoring Polynomials ? This tutorial will help you factor quadratics that look something like this: x 2 - 11x - 12 (No lead coefficient

What percentage of the soda purchased was cola, 3/5 of the soda purchased a...

3/5 of the soda purchased at the football game was cola. What percentage of the soda purchased was cola? Change the fraction to a decimal through dividing the numerator through

Volume and surface area, a conical hole drilled in a circular cylinder of h...

a conical hole drilled in a circular cylinder of height 12 and radius 5cm the height and radius of cone are also same find volume

Algebra, logrithim of function?

logrithim of function?

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