I am trying to find an intuitive explanation of the difference between the hazard and survival rates? Are the two the same thing but expressed differently?
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6$\begingroup$ survival rate = the proportion (e.g percent) being "alive" at a certain time point. hazard = the instantaneous risk of experiencing the event. $\endgroup$– Adam RobinssonDec 13, 2015 at 20:12
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$\begingroup$ Are you looking for an explanation of the difference in meaning of the two parameters or for an intuitive explanation of their relationship? $\endgroup$– Dilip SarwateDec 13, 2015 at 22:37
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$\begingroup$ @DilipSarwate an intuitive explanation both both would be great. $\endgroup$– user95564Dec 13, 2015 at 22:43
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$\begingroup$ See What is a hazard rate?, Implication of Hazard Rate?, Proof of relationship between hazard rate, probability density, survival function & Intuition for cumulative hazard function (survival analysis). $\endgroup$– Scortchi - Reinstate Monica ♦Dec 14, 2015 at 14:50
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