Odds Ratio & Relative Risk Calculation & Definition, Probability & Odds

ERRATA: At about the 3:00 mark the slide says “10,00“ when it is really supposed to say “10,000.“ I added a pop up box to fix it. Thanks to Mehdi Hedjazi for pointing this typo out The terms odds and probability are used interchangeably in everyday life. However, in the setting of Biostats they are two different things. Generally speaking they both represent how likely something is, but they are calculated differently and used in different situations. Probability is essentially the same things as percentag