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What is the Relationship between marginal and conditional and joint probabilities?
The joint probability of two discrete variables, X and Y isP(x, y) = Prob(X = x and Y = y) and it is defined for each ordered pair (x,y) in the event space.The conditional probability of X, given that Y is y is Prob[(X, Y) = (x, y)]/Prob(Y = y) or equivalently,Prob(X = x and Y = y)/Prob(Y = y)The marginal probability of X is simply the probability of X. It can be derived from the joint distribution by summing over all possible values of Y.
What is marginal revenue?
Marginal revenue is the change in total revenue over the change in output or productivity.
What is the probability of rolling a 7 with one roll of standard number cube?
The probability is 0.The probability is 0.The probability is 0.The probability is 0.
What is the probability of getting 4 of a kind given 13 cards from a deck of card?
The probability is 1.The probability is 1.The probability is 1.The probability is 1.
How do you calculate marginal revenue cost by math and graphically and marginal in general?
Profit=Total revenue - Total cost
What gives the probability of each random variable?
The marginal probability distribution function.
What is the marginal effect of a linear probability model?
good question.
What is marginal probability function?
If f(x, y) is the joint probability distribution function of two random variables, X and Y, then the sum (or integral) of f(x, y) over all possible values of y is the marginal probability function of x. The definition can be extended analogously to joint and marginal distribution functions of more than 2 variables.
What is the Relationship between marginal and conditional and joint probabilities?
The joint probability of two discrete variables, X and Y isP(x, y) = Prob(X = x and Y = y) and it is defined for each ordered pair (x,y) in the event space.The conditional probability of X, given that Y is y is Prob[(X, Y) = (x, y)]/Prob(Y = y) or equivalently,Prob(X = x and Y = y)/Prob(Y = y)The marginal probability of X is simply the probability of X. It can be derived from the joint distribution by summing over all possible values of Y.
What is the equation for marginal net benefits?
Marginal net benefits= Marginal benefit- Marginal cost
When a firm's marginal revenues are higher than its marginal cost?
Marginal cost is
If you have Marginal Cost and Marginal Damages how do you find the optimal level of output?
The optimal level of output is where marginal costs = marginal damages.
What is marginal profit?
In economics, marginal profit is the difference between the marginal revenue and the marginal cost of producing an additional unit of output.
What war the 3 stages of production?
Three stages of production are increasing marginal returns, diminishing marginal returns, and negative marginal returns.
What is meant by marginal non marginal complete incomplete syndesmophytes?
In regards to marginal vs. non-marginal syndesmophytes. Marginal syndesmophytes (intervertebral bony bony bridges) are more commonly seen in ankylosing spondylitis. Where as non-marginal syndesmophytes are more commonly in reactive arthritis and DISH. Marginal syndesmophytes are delicate + symmetric; while non-marginal syndesmophytes are bulky + discontinuous.
What is the optimal level of pollution?
when marginal benefit is equal to marginal cost To be more specific: When the marginal damage cost of polluting is equal to the marginal abatement cost of polluting (or the marginal benefit of polluting, which is equivalent to the MAC)
What is the relationship between marginal physical product MPP and marginal cost MC Provide an examples?
what is the relationship between marginal physical product and marginal cos
