Definitions and calculations Flashcards
Definition of ‘risk’
The probability that an event will occur in a group, whether it be a good or bad event
Definition of ‘probability’
An estimate of the chance of an event occurring divided by the total number of chances available
- e.g. if a player owns 1 of 4 tickets, probability of winning is 1 in 4
What is a p-value?
The probability that the observed difference was observed by chance
What is relative risk?
The change in probability of an event occurring due to a certain factor
How is relative risk/risk ratio calculated and when is it used?
Divide the probability of an event occurring for one group by the probability of an event occurring for a second group
- used as a comparison of a treatment/intervention group and placebo group in a clinical trial
What are odds?
Ratio of a player’s chances of losing to the player’s chances of winning
- average frequency of a loss to average frequency of a loss
What is absolute risk?
The individual risk of developing a disease over a time period, calculated by the number of events in a group divided by the number of people in that group
What is the difference between relative risk and absolute risk?
Relative risk compares the absolute risk of both groups being compared.
Absolute risk is the independent risk for each individual group.
What statistical measures are used to assess probability of an event and odds of an event?
Probability = relative risk, so use relative risk in the hypotheses
Odds = odds ratio, so use odds ratio in the hypotheses
Formula for odds ratio?
Using 2x2 tables
OR = (AxD)/(BxC)
Formula for relative risk?
Using 2x2 tables
RR = (A/(A+B))/(C/(C+B))
What are the different values of relative risk and what do they mean?
RR = 1 - this means that the exposure is not associated with the outcome
RR < 1 - this means that the risk of the outcome is decreased by the exposure
RR > 1 - this means that the risk of the outcome is increased by the exposure
How can the Odds Ratio be interpreted?
The same as relative risk
OR = 1 means exposure is not associated with outcome
OR > 1 means higher odds of outcome occurring with exposure/increased risk
OR < 1 means lower odds of outcome occurring with exposure/decreased risk
How are confidence intervals associated with OR/RR?
95% confidence interval is used to estimate the precision of the RR/OR
- this is a range of values that you can be 95% certain contains the true mean of the population
How can confidence intervals for RR/OR be interpreted?
If the confidence intervals overlap the null value e.g. RR = 0.85 (CI = 0.6 to 1.2) and null value is RR = 1 then it is not statistically significant
If they don’t overlap the null value, the events can be described as SIGNIFICANTLY more/less likely to occur with exposure