ratio
a comparison of two quantities by division.
Ratio refers to the quantitative relationship between two or more variables. It is expressed in the form of a fraction or a colon, and the two variables are separated by the dividing line (either a forward slash or a colon). For example, if we have 5 boys and 3 girls in a class, the ratio of boys to girls can be expressed as 5:3 or 5/3.
Ratios are often used in financial analysis and accounting, as well as in various other fields such as education, engineering, and statistics. They can provide useful insights into the performance or efficiency of a business, organization, or system, and can be used to make comparisons and predictions.
In order to simplify ratios, they can be reduced to the lowest possible terms. For instance, a ratio of 10:6 can be simplified to 5:3 by dividing both numbers by their greatest common factor, which in this case is 2. It is also possible to convert ratios into percentages or decimals, which can make them more easily understandable or comparable.
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