Can probability ever be over 1?
Is total probability always 1?
The probability of a certain event occurring depends on how many possible outcomes the event has. If an event has only one possible outcome, the probability for this outcome is always 1 (or 100 percent). If there is more than one possible outcome, however, this changes.
2024-02-14 16:47:34
What is the odds ratio of 1.5 to probability?
You interpret an odds ratio the same way you interpret a risk ratio. An odds ratio of 1.5 means the odds of the outcome in group A happening are one and a half times the odds of the outcome happening in group B.
2024-01-17 16:10:16
Why 1.5 is not a probability?
The probability of an event always lies between 0 (there is no chance for the event to occur) and 1 (the event will definitely occur). Thus 1.5 is not possible.
2024-01-06 06:18:55
What is the probability of 5 to 1 odds?
The 5-1 betting odds probability is an 83.33 per cent probability of a particular outcome and a 16.67 per cent probability of another outcome. The 5/1 odds implied probability means your selection has a 16.67% chance of winning and an 83.33% chance the selection will lose.
2023-05-10 13:16:17
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