Um, representing a number between 0 and 1 is not the same as being a number between 0 and 1. The representation of p = 3⁄8 as odds = 3⁄5 (“5 to 3 against”) is useful in practice, for example because bayes’ rule reduces to plain multiplication for odds ratios.
Um, representing a number between 0 and 1 is not the same as being a number between 0 and 1. The representation of p = 3⁄8 as odds = 3⁄5 (“5 to 3 against”) is useful in practice, for example because bayes’ rule reduces to plain multiplication for odds ratios.