The number 1.95 is a decimal value that consists of the whole number 1 and the decimal part 0.95. In mathematical terms, decimals are an essential way to express fractions and real numbers. The value 1.95 can be interpreted as one whole unit and ninety-five hundredths of another. This number plays a significant role in various fields, including finance, engineering, and science, where precision is crucial. Decimals enable us to represent values that are not whole numbers, which is vital for accurate calculations and measurements.