ProbToRate: Convert a probability to a rate
In austinnam/modeltools: Decision Modelling Tools
Description
Usage
Arguments
Value
Examples
Description
Converts a vector of probabilities to a vector of rates.
Usage
1
ProbToRate(p, t = 1)
Arguments
p
A vector of probabilities.
t
The time frame of the probability.
Value
A vector of rates in the unit of time t. If any probabilities are less than 0 or greater than 1, the function returns NULL.
Examples
1
2
3
# For a cumulative probability of 50% over 2 years
ProbToRate(0.5,2) # returns an annual rate of 0.35
ProbToRate(0.5,24) # returns a monthly rate of 0.02
austinnam/modeltools documentation built on Aug. 3, 2019, 7:20 p.m.
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Description Usage Arguments Value Examples
Description
Converts a vector of probabilities to a vector of rates.
Usage
1 | ProbToRate(p, t = 1)
|
Arguments
p |
A vector of probabilities. |
t |
The time frame of the probability. |
Value
A vector of rates in the unit of time t. If any probabilities are less than 0 or greater than 1, the function returns NULL.
Examples
1 2 3 | # For a cumulative probability of 50% over 2 years
ProbToRate(0.5,2) # returns an annual rate of 0.35
ProbToRate(0.5,24) # returns a monthly rate of 0.02
|
R Package Documentation
Browse R Packages
We want your feedback!
Note that we can't provide technical support on individual packages. You should contact the package authors for that.
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