In the following exercises, convert each percent to (a) a...

In the following exercises, convert each percent to
(a) a simplified fraction and (b) a decimal

A club sells 50 tickets to a raffle. Osbaldo bought one ticket. The probability he will win the raffle is 2$\% .$

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Key Concepts

Probability

Probability measures the likelihood of an event occurring and is often expressed in various forms such as percentages, fractions, or decimals. Understanding probability in these different representations is essential in making informed comparisons and decisions in situations involving chance.

Decimal Conversion

Decimal conversion involves representing a fraction or percentage as a decimal number. This is done by dividing the numerator by the denominator for fractions, or by dividing the percent value by 100, providing a base-10 numerical representation of the value.

Percent Conversion

Converting a percentage to another form involves understanding that the percentage represents a value out of 100. To convert a percent to a simplified fraction, one writes the percent value over 100 and then simplifies the resulting fraction. Similarly, converting to a decimal involves dividing the percentage by 100.

Simplified Fraction

A simplified fraction is a fraction in which the numerator and denominator have no common factors other than 1. Simplifying fractions helps in reducing them to their most basic form, which makes them easier to compare and work with in computations.

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