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

How many 6-inch tiles are required to tile the floor, Mark intends to tile ...

Mark intends to tile a kitchen floor, which is 9 by 11 ft. How many 6-inch tiles are required to tile the floor? a. 60 b. 99 c. 396 c. Since the tiles are calculated in

Trigonometric ratios, to difine trigonometric ratios of an angle,is it nece...

to difine trigonometric ratios of an angle,is it necessary that the initial ray of the angle must be positive x-axis?

Find all the real solutions to cubic equation, Find all the real solutions ...

Find all the real solutions to cubic equation x^3 + 4x^2 - 10 =0. Use the cubic equation x^3 + 4x^2 - 10 =0 and perform the following call to the bisection method [0, 1, 30] Use

Evaluate following unit circle, Evaluate following sin 2 ?/3   and sin (-2 ...

Evaluate following sin 2 ?/3   and sin (-2 ?/3) Solution: The first evaluation in this part uses the angle 2 ?/3.  It is not on our unit circle above, though notice that  2 ?/

Tangent, Tangent, Normal and Binormal Vectors In this part we want to ...

Tangent, Normal and Binormal Vectors In this part we want to look at an application of derivatives for vector functions.  In fact, there are a couple of applications, but they

How several miles did joe walk altogether, Joe walked 2 1/2 miles to school...

Joe walked 2 1/2 miles to school, 1/3 mile to work, and 1 1/4 miles to his friend's house. How several miles did Joe walk altogether? To find out the total distance walked, add

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