1. Probability (Part-to-Whole) vs. Odds (Part-to-Part)
\[ P_A = \frac{a}{a + b}, \qquad \text{Odds}_A = \frac{P_A}{1 - P_A} = \frac{a}{b}, \qquad P_A = \frac{\text{Odds}_A}{1 + \text{Odds}_A} \]
💬 Read it in plain English: Probability divides events (a) by everyone in the group (a + b), whereas Odds divide events (a) by non-events (b) in the same group.
a, b
Count of positive outcomes (a) and negative outcomes (b) in Group A.
c, d
Count of positive outcomes (c) and negative outcomes (d) in comparison Group B.
PA, PB
Proportion of each group experiencing the event: a/(a+b) and c/(c+d).
OddsA, OddsB
Ratio of events to non-events within each group: a/b and c/d.
2. Risk Ratio (Relative Risk) vs. Odds Ratio &Exact Conversion
\[ \text{RR} = \frac{P_A}{P_B}, \qquad \text{OR} = \frac{\text{Odds}_A}{\text{Odds}_B} = \frac{a \cdot d}{b \cdot c}, \qquad \text{RR} = \frac{\text{OR}}{(1 - P_B) + P_B \cdot \text{OR}} \]
💬 Read it in plain English: The Risk Ratio divides Group A's probability by Group B's probability ("times as likely"), while the Odds Ratio divides Group A's odds by Group B's odds (and always exceeds RR when RR > 1).
RR
Direct ratio of probabilities P_A / P_B measuring how many times as likely the event is.
OR
Ratio of group odds (a·d)/(b·c); exponentiated slope exp(β) in logistic regression.
SE(ln OR)
√(1/a + 1/b + 1/c + 1/d), used to compute 95% confidence bounds on the Odds Ratio.