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In mathematics, a percentage (from Latin per centum 'by a hundred') is a number or ratio expressed as a fraction of 100. It is often denoted using the percent sign (%), [ 1] although the abbreviations pct., pct, and sometimes pc are also used. [ 2] A percentage is a dimensionless number (pure number), primarily used for expressing proportions ...
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.
Example of the optimal Kelly betting fraction, versus expected return of other fractional bets. In probability theory, the Kelly criterion (or Kelly strategy or Kelly bet) is a formula for sizing a sequence of bets by maximizing the long-term expected value of the logarithm of wealth, which is equivalent to maximizing the long-term expected geometric growth rate.
Fraction of inspired oxygen ( FIO2 ), correctly denoted with a capital I, [ 1] is the molar or volumetric fraction of oxygen in the inhaled gas. Medical patients experiencing difficulty breathing are provided with oxygen-enriched air, which means a higher-than-atmospheric FI O 2. Natural air includes 21% oxygen, which is equivalent to FI O 2 of ...
In chemistry and fluid mechanics, the volume fraction is defined as the volume of a constituent Vi divided by the volume of all constituents of the mixture V prior to mixing: [ 1] Being dimensionless, its unit is 1; it is expressed as a number, e.g., 0.18. It is the same concept as volume percent (vol%) except that the latter is expressed with ...
Lever rule. In chemistry, the lever rule is a formula used to determine the mole fraction ( xi) or the mass fraction ( wi) of each phase of a binary equilibrium phase diagram. It can be used to determine the fraction of liquid and solid phases for a given binary composition and temperature that is between the liquidus and solidus line.
Molar concentration (also called molarity, amount concentration or substance concentration) is a measure of the concentration of a chemical species, in particular, of a solute in a solution, in terms of amount of substance per unit volume of solution. In chemistry, the most commonly used unit for molarity is the number of moles per liter ...
Alcohol by volume. Alcohol by volume (abbreviated as alc/vol or ABV) is a standard measure of the volume of alcohol contained in a given volume of an alcoholic beverage, expressed as a volume percent. [ 1][ 2][ 3] It is defined as the number of millilitres (mL) of pure ethanol present in 100 mL (3.5 imp fl oz; 3.4 US fl oz) of solution at 20 ...
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