Should We Think of .001 as 1%?

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In summary, there is often confusion about the conventions and meanings of decimals and percentages. While 100% conventionally equals 1, there are cases where people use .001 to represent 1% and .1 to represent 10%. However, this would mean that 1 is equal to 100%, which is incorrect. It is important to use consistent and clear notation, as long as the context of what is being measured is understood. Percentages are a comparison to something, rather than an absolute value, making fractions more convenient in certain situations. Therefore, it is not accurate to think of .001 as 1%.
  • #1
kyphysics
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I often get confused by conventions and meanings how we interpret decimals in relation to percent.

First, is 100% = 1 conventionally (or, logically)?

I ask, because I think I've seen people use .001 as meaning 1% and .1 as being 10%. But, that would mean 1 would be 100%.

Likewise, I seen people just use 100%, 10%, and 1%.

Does it really matter what we use, as long as one is consistent in the scale of things?
 
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  • #2
1 per cent literally means 1 (part) in a hundred, in Latin.
0.01 (not 0.001!) means 1 hundredth - i.e. exactly the same thing. So it's no wonder these are used interchangeably.
100% is 100 parts in a hundred (100/100 = 1). 10% ten parts in a hundred (10/100 =0.1), and so on.
 
  • #3
Percent, or using symbol, %, means "per onehundred parts".

100% means 1, according to the meaning described for "percent".

0.001 means 0.1% which means 0.1/100 which means 1/1000.
 
  • #4
kyphysics said:
I ask, because I think I've seen people use .001 as meaning 1% and .1 as being 10%.
0.1 as 10% makes sense, but the first one is off by a factor of 10, as 1% is 0.01.

As long as it is consistent and clear, it does not matter.
 
  • #5
I like to reduce the "fear" of percentage calculations by saying again and again:
Simply substitute ##\%## by ##\cdot \frac{1}{100}##

(Opinion) I find the notation of "parts by" or "per parts" already misleading and unnecessary whereas the multiplication dot is essential.
 
  • #6
Slightly off topic

0.001 is 1‰ (per mille). This is important because blood-alcohol is permille in Europe but percent in Australia, Canada and US, and permyriad (‱) in Great Britain (although IIRC they write as basis point "bp").
 
  • #7
Whenever you get a number with a percent sign.
Then simply remove the percent sign and divide the number by 100.
a% = a/100
similarly,
1%=1/100 =0.01
10%=10/100 =0.1
100%=100/100 =1
 
  • #8
Thread title: Should We Think of .001 as 1%?
No, for two reasons
1) A percentage represents a comparison to something; e.g., "My grade was 75% on that test." -- IOW, I received 75% or 3/4 of the points possible on that test. In a percentage, there's always some context about what constitutes all (or 100%) of whatever you're measuring/counting.
2) Converted to a decimal fraction, 1% is .01, not .001.
 
  • #9
Thread title: Should We Think of .001 as 1%?

Depends on the answer to, "1% of what?" (that which Mark44 called context about what constitutes all)
Seems to me that percent is a transitive factor; it takes an object identifying that "of what?"
So... 1% is a factor of .01, but
1% of 300 is 3
5 is 1% of 500

And .001 is 1% of .1
 
  • #10
bahamagreen said:
Seems to me that percent is a transitive factor; it takes an object identifying that "of what?"
Which makes it more comparative than transitive. I agree though that it needs to be understood what it is that we have some percentage of.
bahamagreen said:
So... 1% is a factor of .01
Not in the usual sense of the meaning of factor. We wouldn't normally write .01 = 1% x 1
 
  • #11
Mark44 said:
Thread title: Should We Think of .001 as 1%?
No, for two reasons
1) A percentage represents a comparison to something; e.g., "My grade was 75% on that test." -- IOW, I received 75% or 3/4 of the points possible on that test. In a percentage, there's always some context about what constitutes all (or 100%) of whatever you're measuring/counting.
2) Converted to a decimal fraction, 1% is .01, not .001.
Yes..you're talking the difference between thousands and hunred_ths...BIG difference!
 
  • #12
You are treating percentages like absolute numbers. Well, percentages were not invented for that but sometimes it's convenient. Percentages are more for comparisons. Think of the difference between decimals and fractions. Decimals are mostly absolute values. The quantity of something like its mass or volume can be a decimal depending on the unit. But, when are fractions more convenient?
The abundance of elements in Earth's crust is usually expressed as a percentage. Let's suppose oxygen makes 20% by mass of Earth's crust(I'm not saying it does). This means that the if the total mass of the crust is given the number 100, then the contribution of oxygen is 20. In fractions, it is 20/100. If we divide both by 10, the same fraction becomes 2/10. It's still a relative value. It just means that if crust is ten un mass, then oxygen is 2. Divide both by five and it becomes 4/20. Still it just mentions how much is oxygen relative to the crust. Finally, get rid of the denominater and we get 0.2. Now, is 0.2 the absolute contribution of oxygen by mass because we have only one number left? You're wrong because the number 1 is still hiding in the denominater. It just means that crust has been given the number 1.
But, sometimes, values are more absolute than relative. Let's just say that the mass of Earth is 0.01 Kg. Well, it's still a relative value because it just means thatif a standard object(it exists) has been the mass 1 kg, then our object under consideration is 1/100th of it's heavieness , so it must be given the number 0.01. But we don't say that the object is 1% of kg or 1% kg. We use 0.01 Kg because Kg is a frequently used unit to give relative heavieness to objects.
 

FAQ: Should We Think of .001 as 1%?

What is the concept of "Should We Think of .001 as 1%"?

The concept refers to the idea of whether we should consider the number .001 to be equivalent to 1% in terms of its significance or impact.

Why is this concept important?

This concept is important because it relates to how we interpret and understand numerical data, and can influence our decision making in various fields such as finance, statistics, and science.

Is .001 always equal to 1%?

No, .001 is not always equal to 1%. This depends on the context and the scale being used. In some cases, .001 may be considered negligible and not equivalent to 1%.

What are some examples of when .001 can be considered as 1%?

One example is in financial markets, where a change of .001 in the value of a currency can be equivalent to a 1% change. Another example is in scientific research, where a confidence level of .001 is often considered to be equivalent to a 99% confidence level.

How can we decide whether to think of .001 as 1% or not?

This depends on the specific context and the purpose of the analysis. It is important to consider the scale being used and the level of precision required for the data being analyzed. Consulting with experts and considering the potential impact of the numbers can also help in making this decision.

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