Information AboutRatio |
| CATEGORIES ABOUT RATIO | |
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In number and more generally in Algebra , a ratio is the linear relationship between two Quantities . It is expressed as two numbers separated by a Colon (pronounced "to"). The ratio of 2:3 means 2 parts of one to 3 parts of the other. This means 2 fifths of the mixture is of the one and 3 fifths is of the other since there are 5 parts in total. A ''rate'' is a special kind of ratio where the two quantities being compared are of a different unit. EXAMPLES
This concept produces problems like "Which is a darker grey? A 2:5 black:white mixture or a 3:7 mixture?"
Note the use of words such as "times", "parts", "number", etc. Because two objects are being compared using the same measure, ratios are Unit less; the units cancel out of the ratio. For example, the ingredients in a Recipe that required 500 Gram s and 300 grams of each, would be in the ratio of 5:3, with no units. Note also the difference between ratios and Vulgar Fraction s. For example, if there are three Raspberry candies and five Blackcurrant candies, then the ratio of raspberry candies to blackcurrant candies is 3:5. This indicates that there are three fifths as many raspberry candies as blackcurrant candies. This compares the two groups of different candies as separate entities. The problem is really about a single group of candies, some of which are different. To say there are "three fifths as many raspberry candies as blackcurrant candies" is not a very lucid way of looking at the problem. A better way follows. Three eighths of the candies are raspberry which is less than half. Five eighths are blackcurrant. However the fraction of all the candies that are raspberry is three out of a total of all eight candies or 3/(3+5) = 3/8. Thus the chances of a randomly selected candy being raspberry are three in eight. RATIO ANALYSIS Ratios are values calcuated by dividing one number into another. Six(6) divided by Three(3) gives a ratio of Two(2). In the business world, it is typical to use ratios to analyze the financial statements. For example, the current ratio assesses liquidity or time required for some asset to be converted to cash. The current ratio looks at current assets relative to current liabilities. Current assets should be larger than current liabilities to pay the due. One indicator or ratio for strength or stability of revenue in government is own source revenues (property taxes, for example) over total revenues (property tax and outside grants). In some respects, a high ratio suggests safety and stability. Grants or intergovernmental revenues can be taken away and heavy reliance on these outside sources, which would produce a low ratio, can spell trouble for a state or local government. SEE ALSO
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