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In mathematics, a rate is the quotient of two quantities, often represented as a fraction. [1] If the divisor (or fraction denominator) in the rate is equal to one expressed as a single unit, and if it is assumed that this quantity can be changed systematically (i.e., is an independent variable), then the dividend (the fraction numerator) of the rate expresses the corresponding rate of change ...
Half-life (symbol t½) is the time required for a quantity (of substance) to reduce to half of its initial value. The term is commonly used in nuclear physics to describe how quickly unstable atoms undergo radioactive decay or how long stable atoms survive. The term is also used more generally to characterize any type of exponential (or, rarely ...
In mathematics, the Farey sequence of order n is the sequence of completely reduced fractions, either between 0 and 1, or without this restriction, [a] which when in lowest terms have denominators less than or equal to n, arranged in order of increasing size. With the restricted definition, each Farey sequence starts with the value 0, denoted ...
Day count convention. In finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes, swaps, and forward rate agreements (FRAs). This determines the number of days between two coupon payments, thus calculating the amount transferred on ...
In probability theory, odds provide a measure of the probability of a particular outcome. Odds are commonly used in gambling and statistics. For example for an event that is 40% probable, one could say that the odds are "2 in 5", "2 to 3 in favor", or "3 to 2 against". When gambling, odds are often given as the ratio of the possible net profit ...
Description. The lowest common denominator of a set of fractions is the lowest number that is a multiple of all the denominators: their lowest common multiple. The product of the denominators is always a common denominator, as in: but it is not always the lowest common denominator, as in: Here, 36 is the least common multiple of 12 and 18.
In order to convert a rational number represented as a fraction into decimal form, one may use long division. For example, consider the rational number 5 / 74 : 0.0 675 74 ) 5.00000 4.44 560 518 420 370 500 etc. Observe that at each step we have a remainder; the successive remainders displayed above are 56, 42, 50.
A fixed-point representation of a fractional number is essentially an integer that is to be implicitly multiplied by a fixed scaling factor. For example, the value 1.23 can be stored in a variable as the integer value 1230 with implicit scaling factor of 1/1000 (meaning that the last 3 decimal digits are implicitly assumed to be a decimal fraction), and the value 1 230 000 can be represented ...