Ratios Flashcards, test questions and answers

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What is Ratios?

Ratios are mathematical relationships between two or more numbers. They can be used to compare quantities, evaluate performance and measure progress in various situations. They provide a way for us to make sense of the world around us. Ratios can be used in a variety of contexts, including business, finance, education, health care and engineering.In business and finance, ratios can be used to assess financial performance or to compare different companies’ earnings or sales figures. For example, the price-earnings ratio (P/E) is a widely-used metric that compares a company’s stock price to its per-share earnings over the past 12 months. This ratio can indicate whether a company’s stock is overvalued or undervalued relative to its peers.In education, ratios are often used to analyze student achievement data and compare students’ test scores across different schools or districts. The student-teacher ratio is one such metric that measures the number of students in relation to instructors in an educational setting. This metric helps educators understand whether their classrooms are too crowded for effective learning and instruction. In health care, ratios help medical professionals track patient outcomes and monitor improvements over time. For example, hospital readmission rates measure how often patients return for additional medical care after being discharged from the hospital following an initial visit or stay; this ratio provides insight into how well healthcare providers are succeeding at providing ongoing treatment plans that improve patient outcomes over time without requiring additional visits or stays at the hospital facility itself.