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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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Parity
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INFOTEXT
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1992-09-02
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18 lines
In economics, equality of price, rate of
exchange, wages, and buying power. Parity
ratios may be used in the setting of wages to
establish similar status to different work
groups. Parity in international exchange
rates means that those on a par with each
other share similar buying power. In the USA,
agricultural output prices are regulated by a
parity system.
2.
The state of a number, being either even or
odd. In computing, a parity bit is sometimes
added to numbers to help ensure accuracy. The
bit is chosen so that the total number of 1s,
including the extra bit, is always of the
same parity.