Is the radius of convergence related to the ratio limit or half of the interval of convergence?

Note that a power series takes the form $$\sum_{n=0}^\infty a_n(x-x_0)^n$$ In your case you have $$a_n=\begin{cases}\frac{(-1)^n}{(2n-1)2^n}&n\ne0\\0&n=0\end{cases}\qquad x_0=1$$ If you calculate the limit you call $N$ we get $$N=\lim_{n\to\infty}\left|\frac{a_{n+1}}{a_n}\right|=\frac12$$ So the radius of convergence is $R=1/N=2$ and hence the interval of convergence is $$x\in(x_0-R,x_0+R)=(-1,3)$$ as expected.


For a power series $$ \sum_{n=0}^\infty c_n (z-a)^n, $$ the radius of convergence is $R = \frac1N,$ where $$ N = \lim_{n\to\infty}\left|\frac{c_{n+1}}{c_n}\right| $$ provided that the limit exists and is a real number. Other sources say simply that the radius is $$ R = \lim_{n\to\infty}\left|\frac{c_n}{c_{n+1}}\right|, $$ which is equivalent except (arguably) in the case $N=0.$ See Ratio test and the radius of convergence.

Note that $c_n$ is not a term of the series; it's only a coefficient of a term of the series. The $n$th term is $a_n = c_n(z-a)^n.$

If you're looking at a site that says the radius of convergence is $\frac1N,$ this is the way they are most likely applying the ratio test. (Another possibility is that you have found a page with misinformation. Such things do exist on the web!)

You have defined $$a_n=\frac{(-1)^n(x-1)^n}{(2n-1)2^n},$$ so $a_n$ is not $c_n$ in the expression above. Instead, $a_n$ is a function of $x$ and the limit $$ \lim_{n\to\infty}\left|\frac{a_{n+1}}{a_n}\right| $$ depends on the value of $x$ at which you evaluate it, as you showed in your calculations (which are correct). That's not the limit of ratios from which people derive the radius of convergence on pages like the ones you described. It would be nonsense for the radius of convergence to be a function of $x.$

The use of the limit $$ N = \lim_{n\to\infty}\left|\frac{c_{n+1}}{c_n}\right| $$ to find the radius of convergence actually is based on the general ratio test that is defined for a general series. Namely, if you have a power series whose $n$th term is $a_n = c_n(x-a)^n,$ then $$ \lim_{n\to\infty}\left|\frac{a_{n+1}}{a_n}\right| = \lim_{n\to\infty}\left|\frac{c_{n+1}(x-a)^{n+1}}{c_n(x-a)^n}\right| = \lim_{n\to\infty}\left|\frac{c_{n+1}}{c_n}\right| \lvert x-a\rvert = N \lvert x-a\rvert, $$ where $N \geq 0,$ provided that the limits exist and are real numbers. We have convergence by the general ratio test when $N \lvert x - a\rvert < 1,$ which (if $N > 0$) is true exactly when $$ \lvert x - a\rvert < \frac1N. $$

If we take the limit $N$ in the way it is meant to be taken on one of those "$\frac1N$" pages, we have $$c_n=\frac{(-1)^n}{(2n-1)2^n}$$ (note: everything that is in $a_n$ except the factor $(x-1)^n$) and therefore $$ N = \lim_{n\to\infty}\left|\frac{c_{n+1}}{c_n}\right| = \frac12, $$ and the radius of convergence is $\frac1N = 2.$

This actually agrees with your calculations. You found that the limit of your ratio of terms was $\left|\frac{-(x-1)}{2}\right|.$ The thing is, $N$ is supposed to be multiplied by $|x-a|,$ not by $\left|\frac{-(x-a)}{2}\right|.$ But if you see that $$ \left|\frac{-(x-1)}{2}\right| = |x-1|\times\frac12 $$ then that factor $\frac12$ is your $N.$

Alternatively, we can compute $$ R = \lim_{n\to\infty}\left|\frac{c_n}{c_{n+1}}\right| = \lim_{n\to\infty}\left|\frac{\left(\frac{(-1)^n}{(2n-1)2^n}\right)} {\left(\frac{(-1)^{n+1}}{(2(n+1)-1)2^{n+1}}\right)}\right| = \lim_{n\to\infty}\left|\frac{-2(2n+1)}{2n-1}\right| = 2 $$ in order to get the radius of convergence $R.$

And then, since $a = 1,$ indeed the interval of convergence is $$\left(a - \frac{1}{N}, a + \frac{1}{N}\right) = (a - R, a + R) = (1 - 2, 1 + 2) = (-1, 3).$$

You're correct in your own calculations, but you're comparing them to a different set of calculations that are done in a slightly different way, even though they are justified by the same theorem and produce the same interval of convergence.