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

How much was invested at 12% if the total annual interest, Jackie invested ...

Jackie invested money in two different accounts, one of that earned 12% interest per year and another that earned 15% interest per year. The amount invested at 15% was 100 more tha

Determine the ratio in which the line 2x + y -4 = 0, Determine the ratio in...

Determine the ratio in which the line 2x + y -4 = 0 divide the line segment joining the points A (2,-2) and B (3, 7).Also find the coordinates of the point of division. [Ans:2 :

Prove that a/b+c-a, a, b,c are in h.p prove that a/b+c-a, b/a+c-b, c/a+b-c ...

a, b,c are in h.p prove that a/b+c-a, b/a+c-b, c/a+b-c are in h.p To prove: (b+c-a)/a; (a+c-b)/b; (a+b-c)/c are in A.P or (b+c)/a; (a+c)/b; (a+b)/c are in A.P or 1/a; 1

What will the day of the week be the further time at the gym, Max goes to t...

Max goes to the gym every fourth day. Ellen's exercise routine is to go every third day. Today is Monday and both Max and Ellen are at the gym. What will the day of the week be the

Statistics, what is the meaning of statistics

what is the meaning of statistics

Construction, draw a line OX=10CM and construct an angle xoy = 60. (b)bisec...

draw a line OX=10CM and construct an angle xoy = 60. (b)bisect the angle xoy and mark a point A on the bisector so that OA = 7cm

Standard normal distribution, Q. Describe Standard Normal Distribution? ...

Q. Describe Standard Normal Distribution? Ans. The Standard Normal Distribution has a mean of 0 and a standard deviation of 1. The letter Z is often used to refer to a sta

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