YOU ASK:
What is the definition of Mortality Rate?
WE ANSWER:
The Mortality Rate refers to the rate at which someone from a specified group (categorized by gender and age) dies. This rate is expressed as the number of deaths out of a thousand, a hundred thousand or a million. The mortality rate may be used to refer to how many die from a specified disease in a given group, or it can also be used to describe the rate of deaths from any reason within a given population.
For instance, a cancer mortality rate of one in one thousand would mean that in a town with 100,000, there will be 100 people who will die of cancer.
Mortality rate is also used when computing for life insurance policies and annuities.
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