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

Need some clarity?, THE % PARTICIPATION Feature in a major medical expense ...

THE % PARTICIPATION Feature in a major medical expense policy is 75% with a $100 deductible. how much of a $2,000 bill is the insured responsible for paying?

Describe the laws of sines, Q. Describe the Laws of Sines? Ans. Up...

Q. Describe the Laws of Sines? Ans. Up to now we have dealt exclusively with right triangles.  The Law of Sines and the Law of Cosines are used to solve  oblique triangles

Matrices, Give me the assignment on the matrices...

Give me the assignment on the matrices...

Indeterminate forms, Indeterminate forms Limits we specified methods fo...

Indeterminate forms Limits we specified methods for dealing with the following limits. In the first limit if we plugged in x = 4 we would get 0/0 & in the second limit

I need help in math badly, I just have a hard time in math in every other c...

I just have a hard time in math in every other class I have an A or B but in math I have a C+ I at least want a B- or B+ or A- or even an A+

Find the solution to initial value problem, Illustration:   Find the soluti...

Illustration:   Find the solution to the subsequent IVP. ty' + 2y = t 2 - t + 1,      y(1) = ½ Solution : Initially divide via the t to find the differential equation in

Equivalence class and equivalence relation, 1. For a function f : Z → Z, le...

1. For a function f : Z → Z, let R be the relation on Z given by xRy iff f(x) = f(y). (a) Prove that R is an equivalence relation on Z. (b) If for every x ? Z, the equivalenc

Math, what is division

what is division

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