December 2016
Beginner
388 pages
8h 35m
English
Content preview from Principles of Data Science
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Probability, odds, and log odds
We are familiar with the basic concept of probability in that the probability of an event occurring can be simply modeled as the number of ways the event can occur divided by all the possible outcomes. For example, if, out of 3,000 people who walked into a store, 1,000 actually bought something, then we could say that the probability of a single person buying an item is as shown:
However, we also have a related concept, called odds. The odds of an outcome occurring is the ratio of the number of ways that the outcome occurs divided by every other possible outcome instead of all possible outcomes. In the same example, ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.