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Percentage Point
A percentage point or percent point is the unit (measurement), unit for the difference (mathematics), arithmetic difference between two percentages. For example, moving up from 40 percent to 44 percent is an increase of 4 percentage points (although it is a 10-percent increase in the quantity being measured, if the total amount remains the same). In written text, the unit (the percentage point) is usually either written out, or abbreviated as ''pp'', ''p.p.'', or ''%pt.'' to avoid confusion with percentage increase or decrease in the actual quantity. 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 ...
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Unit (measurement)
A unit of measurement, or unit of measure, 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 are often a subject of governmental regulation, to ensure ...
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Percentage
In mathematics, a percentage () is a number or ratio expressed as a fraction (mathematics), fraction of 100. It is often Denotation, denoted using the ''percent sign'' (%), although the abbreviations ''pct.'', ''pct'', and sometimes ''pc'' are also used. A percentage is a dimensionless quantity, dimensionless number (pure number), primarily used for expressing proportions, but percent is nonetheless a unit of measurement in its orthography and usage. Examples For example, 45% (read as "forty-five percent") is equal to the fraction , 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 fr ...
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Mathematical Terminology
Mathematics is a field of study that discovers and organizes methods, Mathematical theory, theories and theorems that are developed and Mathematical proof, proved for the needs of empirical sciences and mathematics itself. There are many areas of mathematics, which include number theory (the study of numbers), algebra (the study of formulas and related structures), geometry (the study of shapes and spaces that contain them), Mathematical analysis, analysis (the study of continuous changes), and set theory (presently used as a foundation for all mathematics). Mathematics involves the description and manipulation of mathematical object, abstract objects that consist of either abstraction (mathematics), abstractions from nature orin modern mathematicspurely abstract entities that are stipulated to have certain properties, called axioms. Mathematics uses pure reason to proof (mathematics), prove properties of objects, a ''proof'' consisting of a succession of applications of in ...
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Relative Change And Difference
Relative may refer to: General use *Kinship and family, the principle binding the most basic social units of society. If two people are connected by circumstances of birth, they are said to be ''relatives''. Philosophy * Relativism, the concept that points of view have no absolute truth or validity, having only relative, subjective value according to differences in perception and consideration, or relatively, as in the relative value of an object to a person * Relative value (philosophy) Economics * Relative value (economics) Popular culture Film and television * ''Relatively Speaking'' (1965 play), 1965 British play * ''Relatively Speaking'' (game show), late 1980s television game show * ''Everything's Relative'' (episode)#Yu-Gi-Oh! (Yu-Gi-Oh! Duel Monsters), 2000 Japanese anime ''Yu-Gi-Oh! Duel Monsters'' episode *'' Relative Values'', 2000 film based on the play of the same name. *'' It's All Relative'', 2003-4 comedy television series *''Intelligence is Relative'', tag ...
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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, rep ...
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Percent Point Function
In probability and statistics, the quantile function is a function Q: ,1\mapsto \mathbb which maps some probability x \in ,1/math> of a random variable v to the value of the variable y such that P(v\leq y) = x according to its probability distribution. In other words, the function returns the value of the variable below which the specified cumulative probability is contained. For example, if the distribution is a standard normal distribution then Q(0.5) will return 0 as 0.5 of the probability mass is contained below 0. The quantile function is also called the percentile function (after the percentile), percent-point function, inverse cumulative distribution function (after the cumulative distribution function or c.d.f.) or inverse distribution function. Definition Strictly increasing distribution function With reference to a continuous and strictly increasing cumulative distribution function (c.d.f.) F_X\colon \mathbb \to ,1/math> of a random variable , the quantile function ...
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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 ...
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Parts-per Notation
In science and engineering, the parts-per notation is a set of pseudo-units to describe the 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, * parts-per-quadrillion - ppq, This notation is not part of the International System of Units - SI system and its meaning is ambiguous. Applications 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. Th ...
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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 ( ...
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Basis Point
A basis point (often abbreviated as bp, often pronounced as "bip" or "beep") is one hundredth of 1 percentage point. Changes of interest rates are often stated in basis points. For example, if an existing interest rate of 10 percent is increased by 1 basis point, the new interest rate would be 10.01 percent. The related term '' permyriad'' means one part per ten thousand. Definition :1 basis point (bp) = 0.01%, 10−4, , or 0.0001. :10 bp = 0.1%, 10−3, , or 0.001. :100 bp = 1%, 10−2, , or 0.01. 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 means a ri ...
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Per Mille
The phrase per mille () indicates parts per thousand. The associated symbol is , similar to a per cent sign but with an extra zero in the division (mathematics), divisor. Major dictionaries do not agree on the spelling, giving other options of per mil, per mill, permil, permill, permille. The word is the cognate in Dutch, German, Finnish and Swedish, and is sometimes seen as a loanword in English with the same meaning as ''per mille''. (Page 258) The symbol is included in the General Punctuation (Unicode block), General Punctuation block of Unicode at .Unicode.General Punctuation. 2014. Accessed 5 Aug 2014. There is also an Arabic-Indic per mille sign at . Examples Blood alcohol concentration Promille and permille are likely best known as shorthand terms for Blood Alcohol Concentration, where 1 promille corresponds to 1 gram of alcohol per liter of blood. Promille is used in the legal limits of BAC by volume, blood-alcohol content for driving a road vehicle in some count ...
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