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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 else can I help you with?
What is the relationship between the Z-score for Normal Distribution and Continuous Probability?
There is no real relationship. Probabilities for the Normal distribution are extremely difficult to work out. The z-score is a method used to convert any Normal distribution into the Standard Normal distribution so that its probabilities can be looked up in tables easily. There are infinitely many types of continuous probability distributions and the Normal is just one of them.
What is the conditional formation constant for the reaction between EDTA and Ca2 plus at pH equals 10?
The conditional constant= 1.8*1010
All probabilities are expressed as a number between the range of?
0- less than1
Can -0.5 be a probability?
No. Probabilities are 'counted' as between 1 (certain) and 0 (impossible)
Which two values do all probabilities lie between?
0% and 100% or o and 1
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
Relationship between total and marginal product?
Total product is the sum of all marginal products.
What is the relationship between price and marginal revenue in a competitive market?
In a competitive market, the relationship between price and marginal revenue is that they are equal. This means that the price of a good or service is equal to the marginal revenue generated from selling one more unit of that good or service.
How does the relationship between marginal cost and marginal benefit impact producers?
It helps producers decide how much of a good to make.
How does the relationship between marginal cost and marginal benefit impact producer?
It helps producers decide how much of a good to make.
Marginal product curve?
A marginal product curve is a visual presentation that demonstrates the relationship between the marginal product and the quantity of its input. All other inputs are fixed.
Marginal productivity of labour and the demand for labour .?
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
What is the relationship between marginal cost and marginal revenue in determining optimal production levels?
The relationship between marginal cost and marginal revenue in determining optimal production levels is that a company should produce at a level where marginal cost equals marginal revenue. This is because at this point, the company maximizes its profits by balancing the additional cost of producing one more unit with the additional revenue generated from selling that unit.
What is the relationship between marginal revenue and marginal cost in determining the optimal level of production for a firm?
The relationship between marginal revenue and marginal cost in determining the optimal level of production for a firm is that the firm should produce at a level where marginal revenue equals marginal cost. This is because at this point, the firm maximizes its profits by balancing the additional revenue gained from producing one more unit with the additional cost of producing that unit.
What is the relationship between the marginal benefit of consuming a good and the overall satisfaction or utility derived from that consumption?
The relationship between the marginal benefit of consuming a good and the overall satisfaction or utility derived from that consumption is that as you consume more of a good, the marginal benefit decreases while the overall satisfaction or utility increases at a decreasing rate. This is known as the law of diminishing marginal utility.
What is total utilitymarginal utility d low of diminishing marginal utility and draw the thoeretical mathematical diagramatically relationship between total and marginal utility?
23w
What is the relationship between total average and marginal revenue under monopoly with the help of schedule and diagram?
Total average pertains to annual revenue. While marginal revenue is equivalent to quarterly profits. The relationship between the two is only that one is the dividend of the other.
