Fractions must share a common denominator in order to be added or subtracted. The common denominator is the least common multiple of all the denominators.

Probability is the numerical likelihood that a specific outcome will occur. Probability = \({ \text{outcomes of interest} \over \text{possible outcomes}}\). To find the probability that two events will occur, find the probability of each and multiply them together.

A proportion is a statement that two ratios are equal: a:b = c:d, \({a \over b} = {c \over d}\). To solve proportions with a variable term, cross-multiply: \({a \over 8} = {3 \over 6} \), 6a = 24, a = 4.

A rate is a ratio that compares two related quantities. Common rates are speed = \({distance \over time}\), flow = \({amount \over time}\), and defect = \({errors \over units}\).

Fractions are generally presented with the numerator and denominator as small as is possible meaning there is no number, except one, that can be divided evenly into both the numerator and the denominator. To reduce a fraction to lowest terms, divide the numerator and denominator by their greatest common factor (GCF).