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2. Order of magnitude - Wikipedia

   en.wikipedia.org/wiki/Order_of_magnitude

   An order-of-magnitude estimate of a variable, whose precise value is unknown, is an estimate rounded to the nearest power of ten. For example, an order-of-magnitude estimate for a variable between about 3 billion and 30 billion (such as the human population of the Earth) is 10 billion. To round a number to its nearest order of magnitude, one ...

3. Price elasticity of demand - Wikipedia

   en.wikipedia.org/wiki/Price_elasticity_of_demand

   A good's price elasticity of demand ( , PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good ( law of demand ), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent ...

4. Cost curve - Wikipedia

   en.wikipedia.org/wiki/Cost_curve

   In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. Profit-maximizing firms use cost curves to ...

5. Hilbert's fifth problem - Wikipedia

   en.wikipedia.org/wiki/Hilbert's_fifth_problem

   Hilbert's fifth problem is the fifth mathematical problem from the problem list publicized in 1900 by mathematician David Hilbert, and concerns the characterization of Lie groups. The theory of Lie groups describes continuous symmetry in mathematics; its importance there and in theoretical physics (for example quark theory ) grew steadily in ...

6. Order of operations - Wikipedia

   en.wikipedia.org/wiki/Order_of_operations

   Order of operations. In mathematics and computer programming, the order of operations is a collection of rules that reflect conventions about which operations to perform first in order to evaluate a given mathematical expression . These rules are formalized with a ranking of the operations. The rank of an operation is called its precedence, and ...

7. Simpson's rule - Wikipedia

   en.wikipedia.org/wiki/Simpson's_rule

   Simpson's 1/3 rule, also simply called Simpson's rule, is a method for numerical integration proposed by Thomas Simpson. It is based upon a quadratic interpolation and is the composite Simpson's 1/3 rule evaluated for . Simpson's 1/3 rule is as follows: