Rate (mathematics)

Rate as a concept is a summary measure that conveys the idea of risk over time, where risk is the probability of occurrence of the event of interest. (Risk is calculated as the number of events divided by the number of people at risk.) The idea of a summary measure is that of a statistic which collapses the information available from several data values into a single value. Another summary measure underlying rate is relative risk: the ratio of the risk (as defined above) of a given event in one group of subjects exposed to a particular disease of interest compared to that of another group not exposed. This leads to relative risk being used as a synonym for risk ratio, or more generally, for odds ratios and rate ratios.

Rate is a measure of the frequency of occurrence of an item of interest. It consists of the number of events occurring in a specific period, per unit of time. Time is therefore an essential element of this concept. As this frequency can change over time, rate is time specific. Typically, the essential components of a rate are 1) a numerator, 2) a denominator, 3) a duration, and 4) a multiplier.

Overview

Many practical examples of rates exist, prominently statistics relating to life and death of the population at large: birth rates, fertility, rates and death rates. Among the latter are the crude mortality rate, age-specific mortality rates, and age-standardized mortality rates. The infant mortality rate is the number of deaths of children under one year of age divided by the number of live births. The perinatal mortality rate is the number of stillbirths and deaths in the first week of life divided by the total births. Almost all child deaths are preventable, so child mortality is of great concern in some populations (but not in others, where attention shifts to adult mortality). Adult mortality is concerned with deaths between the ages of 15 and 59 years, ignoring geriatric mortality. Adult mortality is of great interest as ages from 15 years old to 59 years of age are expected to be the most healthy period of life. Death is easy to identify in nearly all cases, and records of the date of death are generally available. Therefore, mortality statistics are considered to be reliable and are used across the world.

Fundamentally, there is the crude death rate. This is the number of deaths in 1 year divided by the mid-year population, all multiplied up by 1,000. The main aim in calculating a rate is to allow comparisons of groups, times, and so on. A rate, however, is valid as a tool only for stable conditions over the period for which it is calculated. Otherwise, the mid-year population can be fallacious.

Bibliography

Bureau of Labor Statistics. Office of Survey Methods Research. "Wage Estimates by Job Characteristic: NCS and OES Program Data." By Michael Lettau and Dee Zamora. N.p.: n.p., 2013.

Forbes, Catherine, Merran Evans, Nicholas Hastings, and Brian Peacock. Statistical Distributions. Hoboken, NJ: Wiley, 2011.

Freedman, David, Robert Pisani, and Roger Purves. Statistics. 4th ed. London: Norton, 2011.

Glantz, Stanton A. Primer of Biostatistics. 7th ed. New York,: McGraw, 2011.