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

Equation, how to slove problems on equations

how to slove problems on equations

Example of division , Example of division: Divide 738 by 83. Soluti...

Example of division: Divide 738 by 83. Solution: Example: Divide 6409 by 28. Solution: Division could be verified through multiplying

Briefly explain markov chains, Question 1 An experiment succeeds twice as ...

Question 1 An experiment succeeds twice as often as it fails. Find the chance that in the next six trials there will be at least four successes Question 2 An insurance compan

Proof of various integral facts- formulas, PROOF OF VARIOUS INTEGRAL FACTS/...

PROOF OF VARIOUS INTEGRAL FACTS/FORMULAS/PROPERTIES In this section we've found the proof of several of the properties we saw in the Integrals section and also a couple from t

Example of decimal to fraction conversion, Example of Decimal to Fraction C...

Example of Decimal to Fraction Conversion: Example: Convert 18.82 to a mixed number. Solution: Step 1:            18.82 is 18 and 82 hundredths. 18.82 = 18(8

Mathematical science, state tha different types of models used in operation...

state tha different types of models used in operations research.

Definition of laplace transforms, You know that it's all the time a little ...

You know that it's all the time a little scary while we devote an entire section just to the definition of something. Laplace transforms or just transforms can appear scary while w

Fraction, in a garden 1/8 of the flowers are tulips. 1/4 of the tulips are ...

in a garden 1/8 of the flowers are tulips. 1/4 of the tulips are rd. what fraction of the flowers in the garden are red tulips

Determine the area of the rectangle, Stuckeyburg is a very small town in ru...

Stuckeyburg is a very small town in rural America. Use the map to approximate the area of the town. a. 40 miles 2 b. 104 miles 2 c. 93.5 miles 2 d. 92 miles 2

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