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In the second step, they were divided by 3. The final result, 4 / 3 , is an irreducible fraction because 4 and 3 have no common factors other than 1. The original fraction could have also been reduced in a single step by using the greatest common divisor of 90 and 120, which is 30.
In a 3-horse race, for example, the true probabilities of each of the horses winning based on their relative abilities may be 50%, 40% and 10%. The total of these three percentages is 100%, thus representing a fair 'book'. The true odds against winning for each of the three horses are 1–1, 3–2 and 9–1, respectively.
An increase of $0.15 on a price of $2.50 is an increase by a fraction of 0.15 / 2.50 = 0.06. Expressed as a percentage, this is a 6% increase. While many percentage values are between 0 and 100, there is no mathematical restriction and percentages may take on other values. [4]
As for fractions, the simplest form is considered that in which the numbers in the ratio are the smallest possible integers. Thus, the ratio 40:60 is equivalent in meaning to the ratio 2:3, the latter being obtained from the former by dividing both quantities by 20. Mathematically, we write 40:60 = 2:3, or equivalently 40:60∷2:3.
Alligation is an old and practical method of solving arithmetic problems related to mixtures of ingredients. There are two types of alligation: alligation medial, used to find the quantity of a mixture given the quantities of its ingredients, and alligation alternate, used to find the amount of each ingredient needed to make a mixture of a given quantity.
The 2-year yield — most sensitive to near-term rate forecasts — has risen 7 basis points in the last two days. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Friday ...
An example of a fraction that cannot be represented by a decimal expression (with a finite number of digits) is 1 / 3 , 3 not being a power of 10. More generally, a decimal with n digits after the separator (a point or comma) represents the fraction with denominator 10 n , whose numerator is the integer obtained by removing the separator.
From January 2008 to December 2012, if you bought shares in companies when Harold W. McGraw III joined the board, and sold them when he left, you would have a 14.3 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
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