Is this an arithmetic mean or a geometric mean? Which is the correct mean to use for averaging probabilities, anyway?
Is this an arithmetic mean or a geometric mean?
Which is the correct mean to use for averaging probabilities, anyway?
The arithmetic mean of the log odds is pretty natural. It is 27%, but the median looks like 30% to me.
The arithmetic mean of the log odds is pretty natural. It is 27%, but the median looks like 30% to me.