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.

The average (or mean) of a group of terms is the sum of the terms divided by the number of terms. Average = \({a_1 + a_2 + ... + a_n \over n}\)

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.

Ratios relate one quantity to another and are presented using a colon or as a fraction. For example, 2:3 or \({2 \over 3}\) would be the ratio of red to green marbles if a jar contained two red marbles for every three green marbles.