What are the odds of an event happening?
Is the odds ratio positive or negative?
Positive odds ratios indicate that the event is more likely to occur, whilst negative odd ratios indicate the event is less likely to occur.
2024-02-19 03:18:38
What are the odds of 1 100 happening twice?
So for the 100 possible numbers, there is a 100 * 1/10 000 chance of the same number coming up twice. That is 1/100 or 1%.
2024-02-18 16:11:45
What is the formula for calculating odds?
Odds = Probability / (1-probability). Odds ratio (OR) = ratio of odds of event occurring in exposed vs. unexposed group.
2024-01-07 12:34:16
What does 72 odds mean in horse racing?
It reflects the amount of money bet on a horse; the more money that is invested, the shorter the odds. When horse racing odds are shown in the form of 7-2, 5-1, etc, it expresses the amount of profit to the amount invested. So odds of 7-2 mean that for every $2 invested, the punter gets $7 profit in return.
2023-11-25 12:41:31
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