prob_to_rate: Convert a probability to a rate

View source: R/rate_conversion.R

prob_to_rateR Documentation

Convert a probability to a rate

Description

prob_to_rate checks if a probability is between 0 and 1 and convert it to a rate.

Usage

prob_to_rate(p, t = 1)

Arguments

p

probability

t

time/frequency

Value

a scalar or vector with rates

Examples

# Annual probability to monthly rate
p_year  <- 0.3
r_month <- prob_to_rate(p = p_year, t = 1/12)
r_month

DARTH-git/darthtools documentation built on April 3, 2025, 2:12 p.m.