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

Integration, Awhat is the meaning and application sk question #Minimum 100 ...

Awhat is the meaning and application sk question #Minimum 100 words accepted#

Simpson rule - approximating definite integrals, Simpson's Rule - Approxima...

Simpson's Rule - Approximating Definite Integrals This is the last method we're going to take a look at and in this case we will once again divide up the interval [a, b] int

What is the probability that the card is a queen, Five cards - the ten, jac...

Five cards - the ten, jack, queen, king and ace, are well shuffled with their face downwards. One card is then picked up at random. (i)  What is the probability that the card is

Probability., an insurance salesman sells policies to 5 men, all of identic...

an insurance salesman sells policies to 5 men, all of identical age in good health. the probability that a man of this particular age will be alive 30 years hence is 2/3.Find the p

Math, 1+3+5+7+9+11+13+15+17+19

1+3+5+7+9+11+13+15+17+19

SHOPPERS`STOP, 3. How are Indian customers visiting Shoppers’ Stop any diff...

3. How are Indian customers visiting Shoppers’ Stop any different from customers of developed western countries? 4. How should Shoppers’ Stop develop its demand forecasts?

Equivalence relation, a) Let V = f1, 2, :::, 7g and define R on V by xRy if...

a) Let V = f1, 2, :::, 7g and define R on V by xRy iff x -  y is a multiple of 3. You should know by now that R is an equivalence relation on V . Suppose that this is so. Explain t

Group automorphism, (a) Find an example of groups G, H, K with K  H and H...

(a) Find an example of groups G, H, K with K  H and H G but K G. (b) A subgroup H of G is characteristic if σ(H) ⊆ H for every group automorphism σ of G. Show that eve

Construction, draw a equilateral triangle with length of side 6.5 cm. and l...

draw a equilateral triangle with length of side 6.5 cm. and let us draw a parallelogram equal in area to that triangle and having an angle 45 degree

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