In: Statistics and Probability
construct a persuasive argument for the value (conditional probability, odds, odds ratio, etc.) that, intuitively, makes the most sense for you to report as a result to your audience. Be sure to provide a specific rationale for your choice
1. Binary logistic regression will allow you to answer questions where you can predict the odds of an event occurring from a combination of categorical and continual variables.The relationship between conditional probability, odds as well as odds ratio makes these values the most easily to report.
2. DEFINITIONS:-
odds - express the likelihood of an event taking place compared to the likelihood of an event not happening.
odds ratio - is a method of comparing whether the chances of a certain event is similar for two groups. The value of odds range between zero and one and are normally determined from probabilities.
Conditional probability -the occurrence of an event depending on the occurrence of an event that occurred before.
3. ANALYSIS:-
The odds are ratios of probabilities of "success" and "failure" for a given row, or a ratio of conditional probabilities of the same conditional distribution. Odds of getting a cold versus not getting a cold given that a person took a placebo:
odds1=P(Z=1|Y=1) / P(Z=2|Y=1)
=?1|1 / ?2|1
=?1|1 / (1??1|1)
Properties of odds:
The odds ratio, is the ratio of odds1and odds2 (or vice versa):
4.EXAMPLE:-
odds of "success" (i.e., getting a cold) given that that a skier took vitamin C, 0.12/0.88 = 0.14
odds of "success" (i.e., getting a cold) given that a skier took a placebo pill, 0.22/0.78 = 0.28.
The odds ratio is 0.14/0.28 = 0.49.
?^=0.49 means that
5. an odds ratio of 0.75 means that in one group the outcome is 25%less likely. An odds ratio of 1.33 means that in one group the outcome is 33% more likely." ... “An Odds Ratio of less than 1 means that the first group was less likely to experience the event.
6. The coccidioidomycosis OR of (20×362)÷(35×39)=5.30 indicates that the odds of disease when exposed to dust is 5 times its odds when not exposed.