Q3 Percent Flashcards

1
Q

How to find the percent?

A

(Portion / Whole) x 100

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2
Q

Percent is easier to understand than . . .

A

Raw numbers

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3
Q

Normalization

A

Standardizes number of different scales or times to enable fair comparisons

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4
Q

If California has 9 national parks, and the rest of the nation has 52, what percent does California have?

A

52 + 9 = 61 [Whole]
9/61 = .148 x 100 = 14.8%

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5
Q

Percent means . . .

A

Per 100

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6
Q

Portion of the whole enables . . .

A
  • Large numbers to be simplified
  • Keeps us from confusing raw dominance with proportion
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7
Q

Percent change formula

A

((New number - Old number) / Old number) x 100
“NOO”

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8
Q

How to find percentage points

A

Subtract the two percents

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9
Q

The old number

A
  • Is always the one you’re comparing against
  • The one after “than”
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10
Q

What percent do you save on two pairs of $1.00 socks if the sale is Buy One, Get One 50% Off?

A
  • First pair is $1.00
  • Second pair is half off, so it’s $0.50
  • You save $0.50
  • 0.50 / 2.00 = 25%
  • You save 25%
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11
Q

Your favorite style of athletic shoes, normally $90, are now 30% off. How much will you pay?

A

$90 x .30 = $27
$90 - $27 = $63

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12
Q

The pizza cost $26.87. If you add an 18% tip, how much is the bill?

A

$26.87 x .18 = $4.84
$26.87 + $4.84 = $31.71

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13
Q

You spent $320 on coffee last semester. You are determined to cut your coffee spending this semester by 20%. How much could you spend on coffee?

A

$320 x .80 = $256

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14
Q

Percent decrease

A

Cannot exceed 100 percent

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15
Q

Percent increase

A

CAN exceed 100 percent

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16
Q

What to do if the numbers are small

A

The relative becomes overstated and the absolute difference is a fairer comparison

17
Q

Inflation

A
  • Allowing for inflation enables a fair comparison
  • Another type of normalization
18
Q

Account for inflation when . . .

A

Comparing single units of money over 10 years or more

19
Q

What already has inflation baked in?

A

Two units of money over 10 years or more

20
Q

Percentile

A

Divides all things into 100 equal boxes

21
Q

What does scoring a 1340, placing you in the 90th percentile on the SAT, mean?

A

A score of 1340 was equal to or better than 90% of those who took the SAT

22
Q

Percentile involves . . .

A

Median (50th percentile)

23
Q

Quartile

A
  • Four equal sized boxes
  • Each has a name, ranging from Q1 to Q4
24
Q

Quintile

A

Five equal sized boxes

25
Q

Decile

A

Ten equal-sized boxes

26
Q

Upper decile

A

Upper 10%

27
Q

Upper quintile

A

Upper 20%

28
Q

Upper quartile

A

Upper 25%

29
Q

Poverty

A
  • An overall median can be skewed by poverty
  • Poverty should not be a major factor if only looking at the top decile