Yes, many people know what it represents; pi is the Greek symbol for the "circular constant", the ratio between the circumference and the diameter, which can be used to find the perimeters, areas, volumes and surface areas of many shapes given one or two particular measurements.
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Pi represents a number that cannot be changed, therefore its value is constant.
Pi does not represent 3.14. Pi represents the ratio of the circumference of a circle to its diameter. Pi is an irrational number. 3.14 is but the crudest approximation of pi. A better approximation is 3.1416. Still better is 3.14159. The closest approximation commonly used in real-world applilcations is 3.14159262. If anything, 3.14 represents pi, and represents it very imprecisely. As for why the term "pi" was chosen to represent this important concept in mathematics, it was chosen because it is the initial letter of the greek word for "perimeter".
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It is unknown and it usually just represented as pi. It represents the ratio between the circumference and the diameter.
The Greek letter pi. pi(abcd) represents permutations of the letters in the set {a,b,c,d}.
3.1428571428
Pi is ROUNDED to 3.14. Pi really goes on for ever and ever.
Pi is the 16th letter of the Greek alphabet and it represents the value of the circumference of a circle divided by its diameter which is an irrational number.
In mathematics, the keyword "pi" represents the ratio of a circle's circumference to its diameter, which is approximately 3.14159.
In statistics, pi represents the population proportion of successes. Using p, the sample proportion of successes, inferences can be made about pi, although it is usually unknown.