Odd is defined to be
P(event)
---
1- P(event)
So if P(event) is 0.50, then the odd is 1 to 1. If P(event) is 0.75, then the
odd is 3 to 1 since 0.75 is three times as large as 1 - 0.75 = 0.25.
Given one of odds or probabilities, you can always derive the other.
Ken
Why bother teaching students SAS if nobody can afford their annual license fee?
Spreadsheets works because many people owns MS Office and chances of their
using skills learned in class is greater.
Ken
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Instructions for joining
i don't know the answer to this but ... i have a general question with
regards to using spreadsheets for stat analysis
Many students are computer illiterate and it might be easier to teach them how
to use the spreadsheet than a formal programming language.
Whoever told you how to do this is completely wrong. For multiple regression,
you must find all parameters simultaneously. This is because X1, X2, and X3
are NOT independent.
Ken
I am told that I can solve for these three unknowns (B1, B2 and B3) by
doing simple linear regression to obtain
