15.11
In a clinical study, the subjects or participants are observed over a time interval for an event, such as death, that occurs only once.
Now, if a participant survives to time t0, its probability of death during the time interval t0 to t1 can be expressed as λ (t1 - t0).
This quantity is the hazard rate counted as deaths per unit time.
Consider that there are n individuals in the study. The observation of the ith individual begins at Bi and if they die, their time of death is Di. Let Ci be the time the participants are alive.
So, the time each individual is at risk of death is expressed as follows.
The hazard rate is then calculated using the following expression.
The quantity L - number of observed deaths - in the equation approximates Poisson distribution.
A higher hazard rate means more deaths occur with time, while a lower hazard rate means fewer deaths occur with time.
The hazard rate, also known as the hazard function or failure rate, is a statistical measure used to describe the instantaneous rate at which an event…
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