The formula I've consistently found for calculating the IBU for a particular hop is:
IBU = Weight (ounces) x Alpha Acid % x Utilization % x 7489
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Volume
However I've read in several places that, for OGs north of 1.050, there is a so-called gravity correction factor that gets applied to that equation, and I am looking for clarity on it.
What is this gravity correction factor, how does it impact the above equation, and why is it needed? Why is 1.050 the "threshold" for using it?