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The major currencies (except the Japanese yen) are traditionally priced to four decimal places, and a pip is one unit of the fourth decimal place: for dollar currencies this is to 1/100 of a cent. For the yen, a pip is one unit of the second decimal place, because the yen is much closer in value to one hundredth of other major currencies. [3]
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 (although it is a 10-percent increase in the quantity being measured, if the total amount remains the same). [ 1 ]
A zero after a decimal (e.g., 1.0) is significant, and care should be used when appending such a decimal of zero. Thus, in the case of 1.0, there are two significant figures, whereas 1 (without a decimal) has one significant figure.
In statistics, a k-th percentile, also known as percentile score or centile, is a score below which a given percentage k of scores in its frequency distribution falls ("exclusive" definition) or a score at or below which a given percentage falls ("inclusive" definition); i.e. a score in the k-th percentile would be above approximately k% of all scores in its set.
Decimal odds are favoured by betting exchanges because they are the easiest to work with for trading, as they reflect the inverse of the probability of an outcome. [13] For example, a quoted odds of 5.00 equals to a probability of 1 / 5.00, that is 0.20 or 20%. Decimal odds are also known as European odds, digital odds or continental odds. [9]
Fractions such as 1 ⁄ 3 are displayed as decimal approximations, for example rounded to 0.33333333. Also, some fractions (such as 1 ⁄ 7, which is 0.14285714285714; to 14 significant figures) can be difficult to recognize in decimal form; as a result, many scientific calculators are able to work in vulgar fractions or mixed numbers.
A repeating decimal or recurring decimal is a decimal representation of a number whose digits are eventually periodic (that is, after some place, the same sequence of digits is repeated forever); if this sequence consists only of zeros (that is if there is only a finite number of nonzero digits), the decimal is said to be terminating, and is not considered as repeating.
A percentage above 65% is referred to as the 1st Division and indicates a high intellectual level. Some universities follow a weighted average pattern to calculate percentage: 1st and 2nd Semester – 40% of the aggregate marks, 3rd and 4th Semester – 60% of the aggregate marks, 5th and 6th Semester – 80% of the aggregate marks, 7th and 8th ...