I have a random question related to odds and percentage that I can't figure out. Does this statement in terms of the percentage difference sound true? "The odds for students in group A to graduate are 5.03 (11,734 group A students graduate and 2330 do not) and the odds for group B students to graduate are 4.33 (3222 group B students graduate and 743 do not). Thus, the odds for for graduating for group A students are 16% higher than the odds for group B students."

Are the odds really 16% higher. I can not wrap my head around this to determine how it is a 16% difference however I suspect the statement is true.

Thanks so much for any help or assistance.

TJS