## OR
## (Intercept) 0.0185
## gre 1.0023
## gpa 2.2345
## rank2 0.5089
## rank3 0.2618
## rank4 0.2119
This output table is from https://stats.idre.ucla.edu/r/dae/logit-regression/. And the interpretation of the OR is as follows "for a one unit increase in gpa, the odds of being admitted to graduate school (versus not being admitted) increase by a factor of 2.23". My question is can I interpret "by a factor of 2.23" as "for a one unit increase in gpa, the chances of being admitted to graduate school is 223%"? i.e there's a 113% increase in being admitted?