RateToProb: Convert a rate to a probability
In austinnam/modeltools: Decision Modelling Tools
Description
Usage
Arguments
Value
Examples
Description
Converts a vector of rates to a vector of probabilities.
Usage
1
RateToProb(r, t = 1)
Arguments
r
A vector of rates.
t
The time frame of the desired probability in the units of the input rate.
Value
A vector of probabilities in the unit of time t. If any rates are less than 0, the function returns NULL.
Examples
1
2
3
# If event rate over over 2 years is 50%
RateToProb(0.5, 1/2) # returns an annual probability of 0.22
RateToProb(0.5, 1/24) # returns a monthly probability 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 rates to a vector of probabilities.
Usage
1 | RateToProb(r, t = 1)
|
Arguments
r |
A vector of rates. |
t |
The time frame of the desired probability in the units of the input rate. |
Value
A vector of probabilities in the unit of time t. If any rates are less than 0, the function returns NULL.
Examples
1 2 3 | # If event rate over over 2 years is 50%
RateToProb(0.5, 1/2) # returns an annual probability of 0.22
RateToProb(0.5, 1/24) # returns a monthly probability 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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