In this quick video, we talk about odds and probability. There is no R programming, but don't worry, we'll get back to that soon enough.
Download the video introduction to odds here.
But, please watch the video first!
Review of and comments on the video:
If you really want to see that algebra :
θ = p/(1-p), so
θ(1-p) = p, or
θ - θp = p, so that
θ = p + θp = p(1+θ), from which we get:
θ/(1+θ) = p
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