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

Arthemetic progreession, ball are arranged in rows to form an equilateral t...

ball are arranged in rows to form an equilateral triangle .the firs row consists of one abll,the second of two balls,and so on.If 669 more balls are added,then all the balls canbe

PR Plan for Bloomington Bombers softball team, I need to come up with a PR ...

I need to come up with a PR plan for a fictitious women''s softball team. How much would something like that cost?

Matrices, find inverse of [1 2 3 2 4 5 3 5 6]

find inverse of [1 2 3 2 4 5 3 5 6]

Positive exponents, Simplify following and write the answers with only posi...

Simplify following and write the answers with only positive exponents.   (-10 z 2 y -4 ) 2 ( z 3 y ) -5 Solution    (-10 z 2 y -4 ) 2 ( z 3 y ) -5

Working definition of continuity , "Working" definition of continuity ...

"Working" definition of continuity A function is continuous in an interval if we can draw the graph from beginning point to finish point without ever once picking up our penci

Definition and theorem of derivation, Definition : A function f ( x ) is c...

Definition : A function f ( x ) is called differentiable at x = a if f ′ ( x ) exists & f ( x ) is called differentiable onto an interval if the derivative present for each of the

Concurrent deviation method, Normal 0 false false false ...

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

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