A rate is a ratio that compares two related quantities. Common rates are speed = \({distance \over time}\), flow = \({amount \over time}\), and defect = \({errors \over units}\).

Ratios relate one quantity to another and are presented using a colon or as a fraction. For example, 2:3 or \({2 \over 3}\) would be the ratio of red to green marbles if a jar contained two red marbles for every three green marbles.