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Percentage Point
A percentage point or percent point is the unit for the arithmetic difference between two percentages. For example, moving up from 40 percent to 44 percent is an increase of 4 percentage points, but a 10-percent increase in the quantity being measured. In literature, the unit is usually either written out, or abbreviated as ''pp'' or ''p.p.'' to avoid ambiguity. After the first occurrence, some writers abbreviate by using just "point" or "points". Differences between percentages and percentage points Consider the following hypothetical example: In 1980, 50 percent of the population smoked, and in 1990 only 40 percent of the population smoked. One can thus say that from 1980 to 1990, the prevalence of smoking decreased by 10 ''percentage points'' (or by 10 percent of the population) or by ''20 percent'' when talking about smokers only - percentages indicate proportionate part of a total. Percentage-point differences are one way to express a risk or probability. Consider a drug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unit (measurement)
A unit of measurement is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity. Any other quantity of that kind can be expressed as a multiple of the unit of measurement. For example, a length is a physical quantity. The metre (symbol m) is a unit of length that represents a definite predetermined length. For instance, when referencing "10 metres" (or 10 m), what is actually meant is 10 times the definite predetermined length called "metre". The definition, agreement, and practical use of units of measurement have played a crucial role in human endeavour from early ages up to the present. A multitude of systems of units used to be very common. Now there is a global standard, the International System of Units (SI), the modern form of the metric system. In trade, weights and measures is often a subject of governmental regulation, to ensure fairness and transparency. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Percentage
In mathematics, a percentage (from la, per centum, "by a hundred") is a number or ratio expressed as a fraction of 100. It is often denoted using the percent sign, "%", although the abbreviations "pct.", "pct" and sometimes "pc" are also used. A percentage is a dimensionless number (pure number); it has no unit of measurement. Examples For example, 45% (read as "forty-five per cent") is equal to the fraction , the ratio 45:55 (or 45:100 when comparing to the total rather than the other portion), or 0.45. Percentages are often used to express a proportionate part of a total. (Similarly, one can also express a number as a fraction of 1,000, using the term "per mille" or the symbol "".) Example 1 If 50% of the total number of students in the class are male, that means that 50 out of every 100 students are male. If there are 500 students, then 250 of them are male. Example 2 An increase of $0.15 on a price of $2.50 is an increase by a fraction of = 0.06. Expressed as a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Probability Assessment
Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates impossibility of the event and 1 indicates certainty."Kendall's Advanced Theory of Statistics, Volume 1: Distribution Theory", Alan Stuart and Keith Ord, 6th Ed, (2009), .William Feller, ''An Introduction to Probability Theory and Its Applications'', (Vol 1), 3rd Ed, (1968), Wiley, . The higher the probability of an event, the more likely it is that the event will occur. A simple example is the tossing of a fair (unbiased) coin. Since the coin is fair, the two outcomes ("heads" and "tails") are both equally probable; the probability of "heads" equals the probability of "tails"; and since no other outcomes are possible, the probability of either "heads" or "tails" is 1/2 (which could also be written as 0.5 or 50%). These conce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematical Terminology
Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics with the major subdisciplines of number theory, algebra, geometry, and analysis, respectively. There is no general consensus among mathematicians about a common definition for their academic discipline. Most mathematical activity involves the discovery of properties of abstract objects and the use of pure reason to prove them. These objects consist of either abstractions from nature orin modern mathematicsentities that are stipulated to have certain properties, called axioms. A ''proof'' consists of a succession of applications of deductive rules to already established results. These results include previously proved theorems, axioms, andin case of abstraction from naturesome basic properties that are considered true starting points of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Relative Change And Difference
In any quantitative science, the terms relative change and relative difference are used to compare two quantities while taking into account the "sizes" of the things being compared, i.e. dividing by a ''standard'' or ''reference'' or ''starting'' value. The comparison is expressed as a ratio and is a unitless number. By multiplying these ratios by 100 they can be expressed as percentages so the terms percentage change, percent(age) difference, or relative percentage difference are also commonly used. The terms "change" and "difference" are used interchangeably. Relative change is often used as a quantitative indicator of quality assurance and quality control for repeated measurements where the outcomes are expected to be the same. A special case of percent change (relative change expressed as a percentage) called ''percent error'' occurs in measuring situations where the reference value is the accepted or actual value (perhaps theoretically determined) and the value being compare ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Percent Point Function
In probability and statistics, the quantile function, associated with a probability distribution of a random variable, specifies the value of the random variable such that the probability of the variable being less than or equal to that value equals the given probability. Intuitively, the quantile function associates with a range at and below a probability input the likelihood that a random variable is realized in that range for some probability distribution. It is also called the percentile function, percent-point function or inverse cumulative distribution function. Definition Strictly monotonic distribution function With reference to a continuous and strictly monotonic cumulative distribution function F_X\colon \mathbb \to ,1/math> of a random variable ''X'', the quantile function Q\colon , 1\to \mathbb returns a threshold value ''x'' below which random draws from the given c.d.f. would fall ''100*p'' percent of the time. In terms of the distribution function ''F'', the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Per-unit System
In the power systems analysis field of electrical engineering, a per-unit system is the expression of system quantities as fractions of a defined base unit quantity. Calculations are simplified because quantities expressed as per-unit do not change when they are referred from one side of a transformer to the other. This can be a pronounced advantage in power system analysis where large numbers of transformers may be encountered. Moreover, similar types of apparatus will have the impedances lying within a narrow numerical range when expressed as a per-unit fraction of the equipment rating, even if the unit size varies widely. Conversion of per-unit quantities to volts, ohms, or amperes requires a knowledge of the base that the per-unit quantities were referenced to. The per-unit system is used in power flow, short circuit evaluation, motor starting studies etc. The main idea of a per unit system is to absorb large differences in absolute values into base relationships. Thus, repre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parts-per Notation
In science and engineering, the parts-per notation is a set of pseudo-units to describe small values of miscellaneous dimensionless quantities, e.g. mole fraction or mass fraction. Since these fractions are quantity-per-quantity measures, they are pure numbers with no associated units of measurement. Commonly used are parts-per-million (ppm, ), parts-per-billion (ppb, ), parts-per-trillion (ppt, ) and parts-per-quadrillion (ppq, ). This notation is not part of the International System of Units (SI) system and its meaning is ambiguous. Overview Parts-per notation is often used describing dilute solutions in chemistry, for instance, the relative abundance of dissolved minerals or pollutants in water. The quantity "1 ppm" can be used for a mass fraction if a water-borne pollutant is present at one-millionth of a gram per gram of sample solution. When working with aqueous solutions, it is common to assume that the density of water is 1.00 g/mL. Therefore, it is common to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baker Percentage
Baker's percentage is a notation method indicating the proportion of an ingredient relative to the flour used in a recipe when making breads, cakes, muffins, and other baked goods. It is also referred to as baker's math, and may be indicated by a phrase such as based on flour weight. It is sometimes called ''formula percentage'', a phrase that refers to the sum of a set of baker's percentages. Baker's percentage expresses a ratio in percentages of each ingredient's weight to the total flour weight: :\text_\text = 100\% \times \frac For example, in a recipe that calls for 10 pounds of flour and 5 pounds of water, the corresponding baker's percentages are 100% for the flour and 50% for the water. Because these percentages are stated with respect to the weight of flour rather than with respect to the weight of all ingredients, the sum of these percentages always exceeds 100%. Flour-based recipes are more precisely conceived as baker's percentages, and more accurately measured using w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Per Cent Mille
A per cent mille or pcm is one one-thousandth of a percent. It can be thought of as a "milli-percent". It is commonly used in epidemiology, and in nuclear reactor engineering as a unit of reactivity. Epidemiology Statistics of crime rates, mortality and disease prevalence in a population are often given in Nuclear Reactivity In nuclear reactor engineering, a per cent mille is equal to one-thousandth of a percent of the reactivity, denoted by Greek lowercase letter rho. Reactivity is a dimensionless unit representing a departure from criticality, calculated by: :\rho=(k_-1)/k_ where keff denotes the effective multiplication factor for the reaction. Therefore, one pcm is equal to: :1~\text = \rho \cdot 10^5 This unit is commonly used in the operation of light-water reactor sites because reactivity values tend to be small, so measuring in pcm allows reactivity to be expressed using whole numbers. Related units * Percentage point difference of 1 part in 100 * Percentage ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Permyriad
A basis point (often abbreviated as bp, often pronounced as "bip" or "beep") is one hundredth of 1 percentage point. The related term '' permyriad'' means one hundredth of 1 percent. Changes of interest rates are often stated in basis points. If an interest rate of 10% increased by 1 bp, it changed to 10.01%. Definition :1 basis point (bp) = (a difference of) 1‱ or 0.01% or 0.1‰ or 10−4 or or 0.0001. :10 bp = (a difference of) 0.1% or 1‰ or 10‱. :100 bp = (a difference of) 1% or 10‰ or 100‱. Basis points are used as a convenient unit of measurement in contexts where percentage differences of less than 1% are discussed. The most common example is interest rates, where differences in interest rates of less than 1% per year are usually meaningful to talk about. For example, a difference of 0.10 percentage points is equivalent to a change of 10 basis points (e.g., a 4.67% rate increases by 10 basis points to 4.77%). In other words, an increase of 100 basis points mea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basis Point
A basis point (often abbreviated as bp, often pronounced as "bip" or "beep") is one hundredth of 1 percentage point. The related term '' permyriad'' means one hundredth of 1 percent. Changes of interest rates are often stated in basis points. If an interest rate of 10% increased by 1 bp, it changed to 10.01%. Definition :1 basis point (bp) = (a difference of) 1‱ or 0.01% or 0.1‰ or 10−4 or or 0.0001. :10 bp = (a difference of) 0.1% or 1‰ or 10‱. :100 bp = (a difference of) 1% or 10‰ or 100‱. Basis points are used as a convenient unit of measurement in contexts where percentage differences of less than 1% are discussed. The most common example is interest rates, where differences in interest rates of less than 1% per year are usually meaningful to talk about. For example, a difference of 0.10 percentage points is equivalent to a change of 10 basis points (e.g., a 4.67% rate increases by 10 basis points to 4.77%). In other words, an increase of 100 basis points mea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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