5 Questions
What are the two values that binary data can take?
0 and 1
What is prevalence?
The number of people in a population with a particular condition divided by the number of people in the population.
What is the range of values a proportion can take?
0 to 1
What is a rate?
The proportion of events that occur within a given time period
What are odds?
The ratio of the proportion of 1's to the proportion of 0's.
Study Notes
- Binary data only take two values: 0 and 1.
- Proportions can be classified as risks or rates.
- Prevalence is the number of people in a population with a particular condition divided by the number of people in the population.
- A proportion must lie between 0 and 1.
- A rate is the proportion of events that occur within a given time period.
- Odds are the ratio of the proportion of 1's to the proportion of 0's.
- The odds of an event are x/y and the proportion is x/(x+y).
- The odds of an event are o = p/(1-p).
- An odds of 1 implies a proportion of 0.5.
- Odds are commonly used in betting.
Test your understanding of binary data, proportions, rates, and odds with this quiz! Sharpen your knowledge by identifying key concepts such as prevalence, risk, and proportion and learn about their importance in research and betting. This quiz is perfect for anyone looking to improve their understanding of statistical concepts and terminology.
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