Which of the following statements is incorrect?
A) Probabilities are simply the number of outcomes of a specific type expressed as a proportion of the total number of possible outcomes.
B) Odds are defined as the ratio of the probability that an event will occur divided by the probability that the event will not occur.
C) Odds will always have values that range from 0 to 1.
D) The odds ratio is defined as a ratio of the odds of being classified in one category of the DV for two different values of the IV.

Question

Quizplus · Accepted Answer

Odds can take on any positive value, not just values between 0 and 1. They are calculated as the probability of the event occurring divided by the probability of the event not occurring, which can result in values greater than 1 if the event is more likely to occur than not.

Which of the Following Statements Is Incorrect