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# What is the difference between ratio and proportion?

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In mathematics, a ratio illustrates the relationship between two things, often quantities, while a proportion refers to the equality of two given ratios. A ratio is generally only an expression, while a proportion can be written as an algebraic equation.

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When quantities having the same units are expressed as a ratio, the result is an abstract number taken from dividing one quantity by the other. A ratio can be written in fractional form or using the ":" symbol. Quantities with dissimilar units cannot be represented as a ratio. In mathematical problems involving proportions written in fractions, a missing value can be solved if all other terms are given.

## Related Questions

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The five categories of financial ratios are liquidity (solvency), leverage (debt), asset efficiency (turnover), profitability and market ratios. These ratios measure the return earned on a company’s capital and the profit and expense margins on each of its sales.

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In mathematics, particularly in the field of statistics, a "favorable outcome" refers to the result of an event. A favorable outcome divided by all possible outcomes signifies the likelihood of an event's occurrence.

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In mathematics, the median value is the middle number in a set of sorted numbers. For example, in the set of numbers 10, 11, 13, 15, 16, 23 and 26, the median is 15 because exactly half of the numbers lie above 15 and half lie below.