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

Launching of a new product, Launching a new product (Blackberry Cube) Analy...

Launching a new product (Blackberry Cube) Analysis (target market) Product features Promotions and advertisement sample design (location)

Michael has 16 cds how many cds does kathleen have, Michael has 16 CDs. Th...

Michael has 16 CDs. This is four more than twice the amount that Kathleen has. How many CDs does Kathleen have? Let x = the number of CDs Kathleen has. Four more than twice th

Determine the direction cosines and direction angles, Determine or find out...

Determine or find out the direction cosines and direction angles for a = (2, 1, -4) Solution We will require the magnitude of the vector. ||a|| = √ (4+1+16) = √ (21)

Discount, outdoor grill- regular price:$360 discount:33 1/3%

outdoor grill- regular price:$360 discount:33 1/3%

Regression coefficient, 4x+3y+7=0 and 3x+4y+8=0 find the regression coeffic...

4x+3y+7=0 and 3x+4y+8=0 find the regression coefficient between bxy and byx.

Permutation and combination, howmany numbers made by digit 0,1,2,3,5,7,9 bu...

howmany numbers made by digit 0,1,2,3,5,7,9 but any digit isnot repeted

Can tan theeta be integrated?, Normal 0 false false false ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

GEOMETRIC PROGRESSION, THE FIRST AND THIRD TERM OF A G.P ARE 8 AND 18 RESPE...

THE FIRST AND THIRD TERM OF A G.P ARE 8 AND 18 RESPECTIVELY AND THE COMMON RATIO IS POSITIVE.FIND THE COMMON RATIO

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