If 50% of a trial group is given a vaccine and 50% a placebo and if the vaccine is ineffectual we would expect for a group contracting COVID 50% to have had the vaccine and 50% the placebo. We would not say the vaccine is 50% effective.
Can someone do the stats for a trial where 90% of the group had taken the placebo. How does this translate into the chance of an individual getting COVID ?