Error in Example 3.1

Error in Example 3.1

by Thomas Newman -
Number of replies: 0

In step #4 there's a conversion of odds of 0.0041 to probability.  Of course when so low probability and odds are almost the same.  But there are typos in the calculation.  It says: 

4. Convert posterior odds back to posterior probability. P = Odds/(1 + Odds). So this is 0.41(1 + 0.0041) = 0.0041, or about 0.4%.


The part in bold should read 0.0041/(1+0.0041) 


Thanks to Kristen Azar for pointing this out!

Tom