The word marginal in economics roughly means [...]
Answer
incremental
Tags
#reading-9-probability-concepts
Question
The word marginal in economics roughly means [...]
Answer
?
Tags
#reading-9-probability-concepts
Question
The word marginal in economics roughly means [...]
Answer
incremental
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Open it l>In analyses of probabilities presented in tables, unconditional probabilities usually appear at the ends or margins of the table, hence the term marginal probability. Because of possible confusion with the way marginal is used in economics (roughly meaning incremental), we use the term unconditional probability throughout this discussion.<html>
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