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

Problem solving, compare 643,251;633,512; and 633,893. The answer is 633,51...

compare 643,251;633,512; and 633,893. The answer is 633,512

How far up the building will the ladder reach?, A rescue and ?re squad plac...

A rescue and ?re squad places a 15 ft ladder against a burning building. If the ladder is 9 ft from the base of the building, how far up the building will the ladder reach? a. 8

Direction fields, This topic is specified its own section for a couple of p...

This topic is specified its own section for a couple of purposes. Firstly, understanding direction fields and what they tell us regarding a differential equation as well as its sol

PROBABILITY, Find the probability of drawing a diamond card in each of the ...

Find the probability of drawing a diamond card in each of the consecutive draws from a well shuffled pack of cards,if the card drawn is not replaced after the first draw.

Mensuration, How do mensuration relate to the real life issues

How do mensuration relate to the real life issues

Define a hamilton path, Define a Hamilton path. Determine if the following ...

Define a Hamilton path. Determine if the following graph has a Hamilton circuit. Ans: A path is known as a Hamiltonian path if it consists of every vertex of the graph e

Show line graphs and histograms, Q. Show Line graphs and Histograms? A...

Q. Show Line graphs and Histograms? Ans. Line graphs are closely related to histograms. Look at the graph below. It shows the line graph of the example above but also in

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