1332.0.55.002 - Statistical Language!, 2008

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/06/2008 First Issue

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Statistical Language!

Contents >> Percentage >> What does Percentage tell you?

WHAT DOES PERCENTAGE TELL YOU?

Percentage is commonly used to represent statistical data; it is considered an important tool to illustrate the proportion of something. The percentage total of a data set should always add up to 100 except in special circumstances. Percentages larger than the value of 100 often occur in financial situations, say for instance if a item originally costing $1 was sold for $1 then the profit would be 0%, if the same item was sold for $2 then the profit would be 100%, and selling it for $3 would be a 200% profit.