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Rate (mathematics)

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Ratio between two related quantities in different units
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Inmathematics, arate is thequotient of twoquantities, often represented as afraction.[1] If thedivisor (or fraction denominator) in the rate is equal to one expressed as a single unit, and if it is assumed that this quantity can be changed systematically (i.e., is anindependent variable), then thedividend (the fraction numerator) of the rate expresses the correspondingrate of change in the other (dependent) variable. In some cases, it may be regarded as a change to a value, which is caused by a change of a value in respect to another value. For example, acceleration is a change in velocity with respect to time.

Temporal rate is a common type of rate, in which the denominator is a time duration ("per unit of time"), such as inspeed,heart rate, andflux.[2] In fact, oftenrate is a synonym ofrhythm orfrequency, a count per second (i.e.,hertz); e.g.,radio frequencies orsample rates.In describing the units of a rate, the word "per" is used to separate the units of the two measurements used to calculate the rate; for example, aheart rate is expressed as "beats per minute".

Rates that have a non-time divisor or denominator includeexchange rates,literacy rates, andelectric field (in volts per meter).

A rate defined using two numbers of the same units will result in adimensionless quantity, also known asratio or simply as arate (such astax rates) or counts (such asliteracy rate). Dimensionless rates can be expressed as apercentage (for example, the globalliteracy rate in 1998 was 80%),fraction, ormultiple.

Properties and examples

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Further information:Ratio

Rates and ratios often vary with time, location, particular element (or subset) of a set of objects, etc. Thus they are oftenmathematical functions.

A rate (or ratio) may often be thought of as an output-input ratio,benefit-cost ratio, all considered in the broad sense. For example, miles per hour in transportation is the output (or benefit) in terms of miles of travel, which one gets from spending an hour (a cost in time) of traveling (at this velocity).

A set of sequential indices may be used to enumerate elements (or subsets) of a set of ratios under study. For example, in finance, one could definei by assigning consecutive integers to companies, to political subdivisions (such as states), to different investments, etc. The reason for using indicesi is so a set of ratios (i = 0,N) can be used in an equation to calculate a function of the rates such as an average of a set of ratios. For example, the average velocity found from the set ofvi's mentioned above. Finding averages may involve using weighted averages and possibly using theharmonic mean.

A ratior =a/b has both a numeratora and a denominatorb. The value ofa andb may be areal number orinteger. Theinverse of a ratior is1/r =b/a. A rate may be equivalently expressed as an inverse of its value if the ratio of its units is also inverse. For example, 5miles (mi) perkilowatt-hour (kWh) corresponds to1/5 kWh/mi (or200Wh/mi).

Rates are relevant to many aspects of everyday life. For example:How fast are you driving? The speed of the car (often expressed in miles per hour) is a rate.What interest does your savings account pay you? The amount of interest paid per year is a rate.

Rate of change

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Consider the case where the numeratorf{\displaystyle f} of a rate is a functionf(a){\displaystyle f(a)} wherea{\displaystyle a} happens to be the denominator of the rateδf/δa{\displaystyle \delta f/\delta a}. A rate of change off{\displaystyle f} with respect toa{\displaystyle a} (wherea{\displaystyle a} is incremented byh{\displaystyle h}) can be formally defined in two ways:[3]

Average rate of change=f(x+h)f(x)hInstantaneous rate of change=limh0f(x+h)f(x)h{\displaystyle {\begin{aligned}{\mbox{Average rate of change}}&={\frac {f(x+h)-f(x)}{h}}\\{\mbox{Instantaneous rate of change}}&=\lim _{h\to 0}{\frac {f(x+h)-f(x)}{h}}\end{aligned}}}

wheref(x) is the function with respect tox over the interval froma toa+h. An instantaneous rate of change is equivalent to aderivative.

For example, the averagespeed of a car can be calculated using the total distance traveled between two points, divided by the travel time. In contrast, the instantaneous velocity can be determined by viewing aspeedometer.

List of temporal rates

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Main category:Temporal rates
See also:Time derivative

In chemistry and physics:

Counts-per-time rates

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Main articles:Frequency andAperiodic frequency

In computing:

  • Bit rate, the number of bits that are conveyed or processed by a computer per unit of time
  • Symbol rate, the number of symbol changes (signaling events) made to the transmission medium per second
  • Sampling rate, the number of samples (signal measurements) per second

Miscellaneous definitions:

Economics/finance rates/ratios

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  • Exchange rate, how much one currency is worth in terms of the other
  • Inflation rate, the ratio of the change in the general price level during a year to the starting price level
  • Interest rate, the price a borrower pays for the use of the money they do not own (ratio of payment to amount borrowed)
  • Price–earnings ratio, market price per share of stock divided by annual earnings per share
  • Rate of return, the ratio of money gained or lost on an investment relative to the amount of money invested
  • Tax rate, the tax amount divided by the taxable income
  • Unemployment rate, the ratio of the number of people who are unemployed to the number in the labor force
  • Wage rate, the amount paid for working a given amount of time (or doing a standard amount of accomplished work) (ratio of payment to time)

Other rates

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  • Birth rate, andmortality rate, the number of births or deaths scaled to the size of that population, per unit of time
  • Literacy rate, the proportion of the population over age fifteen that can read and write
  • Sex ratio or gender ratio, the ratio of males to females in a population

See also

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References

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  1. ^See Webster's New International Dictionary of the English Language, 2nd edition, Unabridged. Merriam Webster Co. 2016. p.2065 definition 3.
  2. ^"IEC 60050 - Details for IEV number 112-03-18: "rate"".International Electrotechnical Vocabulary (in Japanese). Retrieved2023-09-13.
  3. ^Adams, Robert A. (1995).Calculus: A Complete Course (3rd ed.). Addison-Wesley Publishers Ltd. p. 129.ISBN 0-201-82823-5.
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