- Ratio is a mathematical term used to compare the quantity, size, or magnitude of two or more numbers.
- It represents the relationship between different variables or dimensions and is usually expressed as a fraction, percentage, or decimal.
- Ratios are commonly used in various fields such as finance, statistics, engineering, and science to analyze and interpret data.
- For example, in finance, the debt-to-equity ratio measures the proportion of a company’s debt to its equity, providing insight into its financial stability.
- In statistics, the odds ratio compares the odds of an event occurring in one group to the odds of it happening in another group, helping to determine the association between variables.
