what is the difference between crude and specific rates?
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What is the difference between crude and specific rates? Crude rate is the rate in which the denominator includes the total population. Specific rate stands for the rate that measures morbidity or mortality for particular population or diseases.
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the refined divorce rate specifies how many divorces there are among all married couples whereas the crude divorce rate specifies the number of divorces there are relative to the total population. ... Women's employment is strongly associated with divorce for all types of marriages.
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The interest rate is the amount charged by a lender to a borrower for the use of assets. The lenders here are the banks and the borrowers are the individuals. Whereas, Discount Rate is the interest rate that the Federal Reserve Banks charges to the depository institutions and to commercial banks on its overnight loans.
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To briefly summarize: a crude odds ratio is just an odds ratio of one IV for predicting the DV. The adjusted odds ratio holds other relevant variables constant and provides the odds ratio for the potential variable of interest which is adjusted for the other IVs included in the model.
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When used as nouns, generic means a product sold under a generic name, whereas specific means a distinguishing attribute or quality. When used as adjectives, generic means very comprehensive, whereas specific means explicit or definite.
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Like specific gravity, viscosity can be altered by a change in temperature, but unlike specific gravity it can also be altered by agitation. The really important thing to keep in mind is that there is no correlation between viscosity and specific gravity. We measure specific gravity with a hydrometer.
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A rate is a special ratio in which the two terms are in different units. For example, if a 12-ounce can of corn costs 69¢, the rate is 69¢ for 12 ounces. ... When rates are expressed as a quantity of 1, such as 2 feet per second or 5 miles per hour, they are called unit rates.
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Different products require different compositions and properties in the oil. One of the most important factors is the liquid's viscosity at various temperatures. ... Base oil is produced by means of refining crude oil. This means that crude oil is heated in order that various distillates can be separated from one another.
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Crude oil is the raw natural resource that is extracted from the earth and refined into products such as gasoline, jet fuel, and other petroleum products. Crude oil is a global commodity that trades in markets around the world, both as spot oil and via derivatives contracts.
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The main difference between spot and futures prices is that spot prices are for immediate buying and selling, while futures contracts delay payment and delivery to predetermined future dates. ... On the other hand, there is backwardation, which is a situation when the spot price exceeds the futures price.
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The spot exchange rate is the current exchange rate, while the forward exchange rate is a forecasted future exchange rate. Interest rate parity is when the difference between interest rates between two countries is equal to the difference in the spot and forward exchange rates.
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The major difference between the crude oils Brent Crude and West Texas Intermediate is that Brent Crude originates from oil fields in the North Sea between the Shetland Islands and Norway, while West Texas Intermediate is sourced from U.S. oil fields, primarily in Texas, Louisiana, and North Dakota.
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Interest rates can be expressed in two ways: as nominal rates or real rates. The difference is that nominal rates are not adjusted for inflation, while real rates are adjusted. ... But the nominal rates are what you'll see advertised on an investment product.
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As compared to fixed interest rate, floating rates are comparatively cheaper. Fixed interest rates are 1%-2.5% higher than the floating interest rate. The increase and decrease in the floating interest rate is temporary, as it varies as per the market trends.
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Whereas, Discount Rate is the interest rate that the Federal Reserve Banks charges to the depository institutions and to commercial banks on its overnight loans. ... Whereas the calculation of Discount rate is complex- Determining the present value of the future cash flows in the discounted cash flow analysis.
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The mortality rate or death rate is the mortality expressed as a proportion of the population. The crude mortality rate or crude death rate is defined as the ratio of the number of deaths during the year to the average population in that year; the value is expressed per 1000 inhabitants.
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In the case of flat rate, it merely means that you can ship any item at the same price. ... As compared to flat rate shipping, we use standard shipping primarily for premier shipping or urgent shipping. In the case of flat rate shipping, there is a predetermined delivery time that cannot be altered.