Meaning of the word "pass rate" in English

What does "pass rate" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

pass rate

US /ˈpæs reɪt/
UK /ˈpɑːs reɪt/
"pass rate" picture

Noun

the percentage of people who pass an exam or course

Example:
The university boasts a high pass rate for its engineering programs.
We need to improve the pass rate for this challenging exam.