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

Solution of linear equation, Solution of Linear Equation How to solve ...

Solution of Linear Equation How to solve a linear equation? Please assist me.

Maths question, if the numerator of a fraction is decreased by 40% and the ...

if the numerator of a fraction is decreased by 40% and the denominator is increased by 100% the new value is 1. what was the original factor

Diffrence between integers and rational numbers, Q. Give basic Diffrence be...

Q. Give basic Diffrence between Integers and Rational Numbers? Ans. Integers The integers are positive and negative whole numbers. The integers are closed under ad

Calculate the area of circle, Calculate the area of CIRCLE ? A circle i...

Calculate the area of CIRCLE ? A circle is a set of all points that are at a given distance from a center point. The diameter (d) of a circle is the length of a line that goes

Pi, pi to the ten-thousandths

pi to the ten-thousandths

Explain factor by grouping, Explain Factor by Grouping ? Factoring by g...

Explain Factor by Grouping ? Factoring by grouping is often a good way to factor polynomials of 4 terms or more. (Sometimes it isn't. It doesn't always work. But it's worth try

Answer, #questi0+50x1-60-60x0+10on..

#questi0+50x1-60-60x0+10on..

Find the total volume of the hay stack, The lower portion of a hay stack is...

The lower portion of a hay stack is an inverted cone frustum and the upper part is a cone find the total volume of the hay stack.

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