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In this video, Greg Martin explains age standardization and age adjustment in population mortality rates. He starts by defining the crude mortality rate and why it may not be comparable between populations with different age structures. Martin explains the need for age standardization to make accurate comparisons by adjusting for age differences. He uses an example of a population with different age strata to illustrate the importance of adjusting for age when comparing mortality rates. By the end of the video, viewers will have a clear understanding of how age standardization and adjustment work in population health analysis.