A probability value p is often reported as an odds ratio, which is p / (1 -
Question:
A probability value p is often reported as an odds ratio, which is p / (1 - p). This is the ratio of the probability that the event happens to the probability that the event does not happen.
(1) If the odds ratio is 1, what is p?
(2) If the odds ratio is 2, what is p?
(3) If p = 0.25, what is the odds ratio?
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Related Book For
Probability And Statistics For Engineers And Scientists
ISBN: 9780495107576
3rd Edition
Authors: Anthony Hayter
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