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.
