Item Odds are defined as the ratio of Correct Response Rate to
Incorrect Response Rate:
$$O_j = \frac{p_j}{1-p_j}$$
where \(p_j\) is the correct response rate for item j.
This function is applicable only to binary response data.
The odds value represents how many times more likely a correct response is
compared to an incorrect response. For example, an odds of 2 means students
are twice as likely to answer correctly as incorrectly.