Simplifying Operational Ratios via Prime Factorization
A logistics firm evaluates its daily shipping efficiency using specific ratios. During an internal audit, an operations analyst is tasked with simplifying a key freight utilization ratio, represented by the fraction , for the quarterly report. To ensure transparency, the company's guidelines require using the prime factorization method.
Write a brief essay detailing the step-by-step process of simplifying the ratio using prime factorization. In your response, make sure to:
- State the complete prime factorization of both the numerator (315) and the denominator (770).
- Explain how the Equivalent Fractions Property is used to divide out the common prime factors, identifying those common factors explicitly.
- Show how the remaining prime factors are multiplied to obtain the final simplified fraction.
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Simplifying Operational Ratios via Prime Factorization